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Question 1 of 10
1. Question
The National Association of Insurance Commissioners has developed few insurance plans for which type of the government?
Correct
The National Association of Insurance Commissioners has developed ten insurance plans for the federal government. These plans typically cover hospitalization, medical expenses, and blood.
Incorrect
The National Association of Insurance Commissioners has developed ten insurance plans for the federal government. These plans typically cover hospitalization, medical expenses, and blood.
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Question 2 of 10
2. Question
Blue Cross and Blue Shield provide medical care for prepaying subscribers. What does Blue cross cover?
Correct
Blue Cross and Blue Shield provide for medical care for prepaying subscribers. Blue Cross plans mainly give coverage for hospital expenses, while Blue Shield plans are mainly used to cover physician’s expenses.
Incorrect
Blue Cross and Blue Shield provide for medical care for prepaying subscribers. Blue Cross plans mainly give coverage for hospital expenses, while Blue Shield plans are mainly used to cover physician’s expenses.
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Question 3 of 10
3. Question
Identify the types of inabilities in disability income insurance:
I. The inability to engage in one’s own occupation.
II. The inability to engage in any occupation.
III. The inability to engage in an occupation for which one has been trained or educated.
IV. The inability due to an injury that is not debilitating.Correct
There are four types of disability in current policies: the inability to engage in one’s own occupation; the inability to engage in an occupation for which one has been trained or educated; the inability to engage in any occupation; and a reduction in income due to disability.
Incorrect
There are four types of disability in current policies: the inability to engage in one’s own occupation; the inability to engage in an occupation for which one has been trained or educated; the inability to engage in any occupation; and a reduction in income due to disability.
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Question 4 of 10
4. Question
As per a disability provision, what will be treated as a total disability?
I. Loss of two limbs
II. Loss of sight
III. Loss of either of the limbs
IV. Loss of hearingCorrect
A presumptive disability provision states that the loss of two limbs, or of either sight or hearing, will be treated as a total disability. A guaranteed insurability provision allows the insured party to buy additional coverage if his or her income should increase.
Incorrect
A presumptive disability provision states that the loss of two limbs, or of either sight or hearing, will be treated as a total disability. A guaranteed insurability provision allows the insured party to buy additional coverage if his or her income should increase.
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Question 5 of 10
5. Question
The period of time after a disability policy is issued during which certain injuries are not covered is called?
Correct
A probation period is the period of time after a disability policy is issued during which certain injuries are not covered. A preexisting conditions clause acknowledges any physical condition which the insured had before coverage began.
Incorrect
A probation period is the period of time after a disability policy is issued during which certain injuries are not covered. A preexisting conditions clause acknowledges any physical condition which the insured had before coverage began.
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Question 6 of 10
6. Question
What are the benefits an individual must receive under the long term care insurance policy?
I. Outline of coverage
II. Shopper’s guide
III. Free 30 day period to examine the policy
IV. Claim for each yearCorrect
An applicant for a long-term care insurance policy must receive an outline of coverage, a shopper’s guide, and a free 30-day period to examine the policy. The insurer must provide accurate comparisons with competing policies. The insurer must also ask clear questions when evaluating the applicant’s health.
Incorrect
An applicant for a long-term care insurance policy must receive an outline of coverage, a shopper’s guide, and a free 30-day period to examine the policy. The insurer must provide accurate comparisons with competing policies. The insurer must also ask clear questions when evaluating the applicant’s health.
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Question 7 of 10
7. Question
What does HIPAA stands for?
Correct
The Health Insurance Portability and Accountability Act (HIPAA) created a definition for long-term care plans. HIPAA grants favorable tax treatment to qualified long-term care insurance contracts.
Incorrect
The Health Insurance Portability and Accountability Act (HIPAA) created a definition for long-term care plans. HIPAA grants favorable tax treatment to qualified long-term care insurance contracts.
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Question 8 of 10
8. Question
Identify the services that are the part of qualified long term care services:
I. Expenses for the services reimbursed under Medicare
II. Maintenance services
III. Personal care services required by chronically ill person
IV. Rehabilitative servicesCorrect
Qualified long-term care services, on the other hand, are defined as the necessary diagnostic, preventive, therapeutic, curing, treating, and rehabilitative services and maintenance or personal care services required by a chronically ill person and provided by a plan of care developed by a licensed health care practitioner.
Incorrect
Qualified long-term care services, on the other hand, are defined as the necessary diagnostic, preventive, therapeutic, curing, treating, and rehabilitative services and maintenance or personal care services required by a chronically ill person and provided by a plan of care developed by a licensed health care practitioner.
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Question 9 of 10
9. Question
What activities are considered under activities of daily living (ADLs)?
I. Bathing
II. Running
III. Eating
IV. Using the toiletCorrect
Activities of daily living include eating, bathing, dressing, transferring from bed to chair, using the toilet, and maintaining continence.
Incorrect
Activities of daily living include eating, bathing, dressing, transferring from bed to chair, using the toilet, and maintaining continence.
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Question 10 of 10
10. Question
How are the premium and the period related to each other in long term care policy?
Correct
The duration of a long-term care policy is influenced by the elimination period and the maximum benefit period. The premium will increase proportionally to the maximum benefit period and inversely proportional to the elimination period.
Incorrect
The duration of a long-term care policy is influenced by the elimination period and the maximum benefit period. The premium will increase proportionally to the maximum benefit period and inversely proportional to the elimination period.