Pers Finance 11

What has become one of the most important issues of our time? Affordable health care
Which country has the highest per capita medical expenditures of any industrialized country in the world? U.S.A.
Which one(s) of the following groups has (have) undertaken innovative activities to contain the costs of health care? All of the above have undertaken activities.
Sophie Bennett has met the deductible for her doctor’s visits. She has also paid out 20% of all expenses above this deductible amount. She has paid a total of $5000 in doctor’s visits. At this point there is a clause in her insurance contract that makes her insurance company pay for 100% of all expenses. What clause is this likely to be? Stop-Loss provision
Why have a growing number of students been without health insurance? Because an older student population is not covered by family policies
Health insurance includes Disability insurance.
Most health insurance policies in the United States are sold to Employers, who in turn offer the benefits to employees.
Which health insurance coverage requires careful shopping because coverage and cost vary from company to company? individual health
Which type of health insurance policy may not cover all of your health insurance needs or may deny benefits if you lose your job? group health
Which type of insurance is probably the most neglected form of available insurance protection? Disability
The definition of disability varies.
Good disability plans pay when you are unable to work at your regular job.
The waiting period in disability income insurance is called ____________ period. Elimination
Most insurers limit benefits from all sources to no more than ____________ percent of your take-home pay. 70-80
Which type of health insurance pays part or all of hospital bills for room, board, and other charges? hospital expense
Which type of health insurance pays for physician’s care that does not involve surgery? physician’s expense
Which type of insurance is usually bought in combination with hospital and surgical insurance? physician’s expense
Which type of insurance protects against the large expenses of a serious injury or a long illness? major medical expense
A good health insurance plan should offer all of the above.
Which one of the following provisions requires that the policyholder pay a basic amount before the policy benefits begin? Deductible
Which type of health policy is like buying a lottery ticket? hospital indemnity insurance
Dental expense insurance provides reimbursement for All of the above provide reimbursement.
According to your textbook, supplemental hospital indemnity plans do not justify the premium cost.
Which type of health insurance is simply a bad buy? Dread disease and cancer policy
Which plan provides benefits for surgical and medical services performed by physicians? Blue Shield
Health insurance is available from All of the above offer health insurance.
Which one of the following is not a source of health insurance? Health Insurance Industry Association
Which health care institution directly employs or contracts with selected medical care specialists to give you health care services in exchange for a fixed, prepaid monthly premium? HMO
Which health care program is administered by the Centers for Medicare and Medicaid, Services a federal agency? Medicare
Which of the following statements is correct about Medicaid? All of the above.

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