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Webce life health florida exam
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Webce life health florida exam
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Webce test exam (actualexam)questions,answers 2024 – 2025
which finances health care costs without being tied to a high deductible insurance
plan?
-HSA
-MSA
-IRA
-FSA flexible spending account - ANSWERS-flexible spending accounts (FSA)
which of the following options must be offered to all long-term care
policyowners?
-waiver of pre-existing conditions clause
-inflation protection
-guaranteed benefits clause
,-replacement protection - ANSWERS-inflation protection must be offered to all
LTC policyowners
alpha co pays the premiums for its group medical, dental, disability, and LTC
insurance plans. which statement is correct about the income tax consequences?
-The premiums for all of the policies are taxable income to the employees.
-The premiums are deductible income to the employees
-alpha can take income tax deductions for all the premiums it pays on its policies
-Alpha can take an income tax deduction only for the premiums it pays for its
medical plans. - ANSWERS-alpha can take an income tax deduction for all of the
premiums it pays on its policies
which is not an optional health policy provision issued in PA? - ANSWERS-change
of beneficiary
insured retains the right to change the beneficiary
core benefits that must be covered in all 10 standard medicare supplment policies
include which of the following:
-part A coinsurance
-Medicare Part B deductible
-part B coinsurance after the deductible is met
,-parts A and B blood coverage for the first 3 pints a year - ANSWERS-part A
coinsurance
part B coinsurance after the deductible is met
parts A and B blood coverage for the first 3 pints a year
a group health policy in PA can exclude coverage for preexisting conditions for no
longer than - ANSWERS-12 months after the enrollment date
Jons disability income policy provides that benefits will be reduced once he
reaches age 62. at this point, his benefits must be equal to what amount that was
payable before age 62? - ANSWERS-50%
sam spends 182 days in the hospital. at what point in her hospital stay will
medicare part A no longer pay any benefits unless she draws from her lifetime
savings reserve? - ANSWERS-after 90 days
max benefit period under part A is 90 days
what is the period of time that must pass before benefits begin under a new
disability income policy? - ANSWERS-probationary period
, which of the following is NOT a remedy available to the PA commissioner of
insurance for committing an unfair method of competition?
-imprisonment
-cease and desist order
-suspension of license
-revocation of license - ANSWERS-imprisonment is not a punishment for
committing an unfair method of competition
you cannot be arrested for committing an unfair method of competition
which of the following is NOT an unfair claims settlement practice if committed by
an insurance company in PA?
-failing to promptly acknowledge communications about claims
-failing to promptly settle a claim for which liability is uncertain
-appealing from an arbitration award in favor of an insured to compel the insured
to accept a lower settlement
-failing to affirm or deny coverage within a reasonable time after completing a
claim investigation - ANSWERS-ailing to promptly settle a claim for which liability
is uncertain is NOT an unfair claims settlement practice
Jeff is a licensed insurance producer in both PA and NY. he is charged with
embezzlement in NY, and his first pretrial hearing is set for March 1. He must
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