Health Insurance Fundamentals Online Certification Exam00:33:38Question #32 of 50Dread disease policiesA) generally cover illnesses that do not occur frequently, but incur significant costs when they do occurB) generally cover illnesses that occur frequently, but do not incur significant costs when they do occurC) are illegal in many statesD) are a good replacement for outdated medical expense policiesO

Approach to solving the question:Rational Detailed explanation:Dread disease policies often referred…

Answered: Health Insurance Fundamentals Online…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter11: Planning For Health Care Expenses

Section: Chapter Questions

Problem 4LTAI

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Suppose health-care reform Y makes it unlawful for insurance companies to deny insurance to persons with a preexisting disease and sets a fine for those people who do not buy insurance. It follows that if the fine is a. larger than the benefits derived from not buying insurance right away, then people will not buy the insurance and pay the fine. b. smaller than the benefits derived from not buying the insurance right away, then people will not buy the insurance and pay the fine. c. There is not enough information provided to answer this question. d. larger than the benefits derived from not buying insurance right away, then people will buy the insurance right away and not pay the fine.
The best strategy for health insurance coverage is to purchase a comprehensive policy. Of the following, which additional coverage should you not buy if it is not provided at work or in your individual policy? ○ Accident Terminal Disease O Dental O Eyewear O You should not buy any of the above
How does the imperfect information in insurance markets cause an increase in health care costs? Explain with great detail.
You would have a better chance of insurance coverage for medical services not provided by the network with a preferred provider organization (PPO) than with a health maintenance organization (HMO) plan. Group of answer choices a. True b. False
Health maintenance organizations (HMOs) provide health care to participants without requiring them to file insurance claims. a. True O b. False
N3
Which of Ike following statements is CORRECT about he Missialement of Age provision in a health policy? A.Il is not an oplional provision. B.It allows an insurance company to adjust the levels of policy benefits for an insured who misslated his age. C.It limits the time wilhin which an insurance company may conlest a claim on the basis of misstatement of age. D.It always voids the contract
10. Captive insurance companies provide solutions to problems associated with availability with specific types of insurance or coverage limits. True False
60 (80) WhatsApp ScDtsqPDOQHGQRrwG4DkT17fJkfSSZOuFUPAdVMUVw_Qlz7Q/formResponse 5. Which of the following actions showcases the principle of "uberrima fides"? * O A. Lying about known medical conditions on an insurance proposal form O B. Not revealing known material facts on an insurance proposal form O C. Disclosing known material facts on an insurance proposal form O D. Paying premium on time
Indicate whether the statement is true or false, and justify your answer.In the 2010 American health reform law, one primary mechanism for financing the expansion of health insurance to the uninsured involves reducing planned Medicare expenditures.
wG4Dk117HJktSSZOuFUPAdVMUVw_Qlz7Q/formResponse C. renewal notice O D. completion notes 18. A warning on duty to disclose changes affecting the existing policy inspection are sent to insured through proposal form O B. certificate of insurance O C. renewal notice O D. completing notes 19. is the document that acknowledge the insured legally entitled to
Severity vs. Frequency looks at the loss rate that is more predictable on low severity, high frequency lines of insurance than it is on high severity, low frequency lines. Which of the examples below can best be used to determine the loss rate for a high severity, low frequency line of insurance. a. The COVID 19 pandemic which significantly affected nearly all segments of countries globally. b. A significant tropical storm which does extensive damage to farmlands. c. A catastrophic hurricane that is rated as a category 2 or above. d. A severe forest fire which frequently occurs during the summer months.

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