Which of the following is a characteristic of Medicare Supplement policies?

FIN 428 Week 4 Quiz

The group that pays the largest share of health care costs in the United States is

  • private insurance companies.
  • private employers.


Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

In attempting to deal with the problem of over-insurance, companies writing disability income insurance

  • may charge documentation higher fees than other providers in the area.
  • may include a non-cancellation provision.
  • may include a facility of payment clause.
  • may restrict the amount of coverage offered to individuals


Which of the following is a characteristic of Medicare Supplement policies?

  • Coverage for Medicare cost-sharing features will not automatically change with Medicare deductibles and coinsurance.
  • Policies cannot be guaranteed a renewal.
  • Policies may not impose a waiting period on preexisting conditions.
  • Policies cannot exclude preexisting conditions.


Although Social Security provides benefits in the event of a worker’s disability

  • coverage qualification requirements are demanding.
  • coverage is provided for disabilities that are short-term only.
  • coverage is subject to a one-week waiting period.
  • coverage decreases based on the number of work-related claims.


Which of the following types of pension plans are employers required to insure with the Pension Benefit Guarantee Corporation?

  • Defined benefit plans
  • Defined benefit and defined contribution plans
  • Single employer plans
  • Defined contribution plans

A business valued at $600,000 has four partners. If each partner buys $50,000 of life insurance on each of the other partners, this arrangement is known as

  • a shared interest plan.
  • an insurable interest plan.
  • an entity plan.
  • a cross-purchase plan.


The beneficiary under key person life insurance normally is the

  • the employer.
  • estate of the insured.
  • key person.
  • key person’s spouse.


The change of occupation provision used in individual health insurance contracts

  • is one of the mandatory uniform provisions.
  • forbids the changing of occupations.
  • provides for a return of premium if a new occupation is less hazardous and an adjustment of benefits if it is more hazardous.
  • forbids the changing of occupations.


When a deposit administration plan is used to fund a qualified retirement plan

  • a single premium annuity is purchased for each worker at retirement.
  • the insurer guarantees the adequacy of funds to meet accrued liabilities.
  • the insurer guarantees the benefits to retired workers for whom annuities have been purchased.
  • contributions are not allocated to specific workers until they retire.


Medicare Advantage

  • is intended to increase Medicare costs and coverage.
  • is an attempt reduce Medicaid market competition.
  • brought uniformity to Medicare prescription drug coverage plans and coverage.
  • has been referred to as the “privatization of Medicare”.


A preferred provider organization

  • is a group of health care providers designated by an employer or insurer.
  • usually charges higher fees than other providers in the area.
  • is a health insurer selected by a group of physicians.
  • is an insurer approved by the state commissioner of insurance.


"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"