Exam (elaborations)
Michigan State Insurance Exam Questions and Answers (Graded A)
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Michigan State Insurance Exam Questions and Answers
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Michigan State Insurance ExamQuestions and Answers
acute care hospital - Answer -Which of the following is NOT covered under a long-term
care policy?
Acute Care - Answer -is a branch of secondary health care where a patient receives
active but short-term treatment for a severe injury or episode of illness,
It allows guaranteed acceptance of all applicants. - Answer -What is NOT a benefit of a
POS plan?
Applicant's sexual orientation - Answer -Which of the following would NOT be an
underwriting consideration for a health insurance applicant?
The period of time during which accumulated money is converted into income payments
- Answer -Which of the following best describes what the annuity period is?
The amount of the distribution is reduced by the amount of a 20% withholding tax. -
Answer -A 60-year-old participant in a 401(k) plan takes a distribution and rolls it over to
an IRA within 60 days. Which of the following is true?
It is also known as the Superimposed Plan. - Answer -All of the following statements are
true of a Combination Dental Plan EXCEPT
Contracting with insurance companies - Answer -Which of the following is NOT a
characteristic or a service of an HMO plan?
Health Maintenance Organization (HMO) - Answer -A prepaid medical service plan in
which specified medical service providers contract with the HMO to provide services.
The focus of the HMO is preventive medicine.
Deductible. - Answer -On a major medical insurance policy, the amount that an insured
must pay on a claim before the insurer will pay is known as
Deductible - Answer -The portion of the loss that is to be paid by the insured before any
claim benefits may be paid by the insurer.
7.5% - Answer -Unreimbursed medical expenses paid for the insured may be claimed
as deductions if the expenses exceed what percentage of the adjusted gross income?
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