question

Health insurance is a form of protection that eases the financial burden people may experience as a result of someone's death

answer

False

question

All group health insurance plans provide the same level of protection

answer

False

question

COBRA and The Health Insurance Portability and Accountability Act of 1907 have improved health insurance coverage options for individuals and families

answer

True

question

Surgical expense coverage for health insurance includes surgeon's fees in a doctor's office

answer

True

question

A deductible is the amount you must pay before benefits become payable by the insurance company

answer

True

question

Long-term care insurance is used to pay for a stay in a nursing home but not for help at home

answer

False

question

The copayment provision deals with the amount that someone will pay for a bill such as 20 percent coinsurance

answer

False

question

The benefit limits provision identifies the minimum benefits that will be paid for days spend in the hospital

answer

False

question

With a guaranteed renewable health insurance policy, the insurer is permitted to raise premiums for all members of a group

answer

True

question

A health insurance policy that pays you back for actual expenses is called an indemnity policy

answer

False

question

A health insurance policy that pays you back for actual expenses is called a reimbursement policy

answer

True

question

Some policies consider the average fee for a service in a particular geographical area then use that amount to set a minimum payment for policyholders

answer

False

question

Blue Cross and Blue Shield are two types of HMOs

answer

False

question

A PPO is a type of managed care plan

answer

True

question

A PPO is another name for an HMO

answer

False

question

A Flexible Spending Account is funded by an employer

answer

False

question

A Health Reimbursement Account is an employer-funded plan

answer

True

question

FSAs, HRAs, and HSAs all provide tax advantages for health expenses

answer

True

question

If you have Medicare Part A and Medicare Part B, you should not need Medicare Part C

answer

True

question

Medicare typically covers routine checkups

answer

False

question

An employer self-funded health plan requires a low level of financial assets

answer

False

question

Medicare is offered to certain low-income individuals and families

answer

False

question

Disability income insurance covers your medical expenses when you are disabled

answer

False

question

A good disability income insurance plan will provide benefits if you cannot work at any job

answer

False

question

The financial problems caused by death are greater than those caused by disability

answer

False

question

The definition for Disability is stricter for Social Security than for employer plans

answer

True

question

The period before you can receive benefits in a disability plan is called the probationary period

answer

False

question

A disability policy with a longer elimination period typically charges lower premiums than a policy with a short elimination period

answer

True

question

Disability income insurance policies are required to provide benefits for disabled policyholders until age 65

answer

False

question

The United States has the fifth highest per capita medical expenditures in the world

answer

False

question

Administrative costs in the United States consume half of the health care dollars spend

answer

False

question

Health care costs have decreased because of aging baby boomers using fewer health care services

answer

False

PF Ch. 9 T/F ?’s – Flashcards

Unlock all answers in this set

Haven't found what you were looking for?

Search for samples, answers to your questions and flashcards