Medical savings accounts - Study guides, Class notes & Summaries

Medicaid expansion - 2014-state choice Coverage to non-elderly, non-disabled adults! Covers the "gap" for those who didn't qualify, but make too little to get private insurance *benefits state by lowering hospital/state costs of unpaid ER/health bills What places can a Med B pt go? - 1. Outpatient 2. Physician services 3. Durable medical equipment 4. Mental health services 5. Ambulance What are the requirements to qualify for Medicare? - 1. over 65 2. entitled to Railroad Disability...

BTEC FINANCE Level 3 - Unit 3 Finance Exam Questions and Answers (Graded A+) what are the advantages of travel insurance? - ANSWER good for emergencies (can get booking costs back if your flights are cancelled), if you contract a disease your travel insurance will cover treatment costs that your medical insurance might not, may policies provide coverage for lost, stolen or damaged luggage what are the advantages of pet insurance? - ANSWER can cover unexpected vet bills, provides peace of mi...

Z owns a disability income policy with a 30 day elimination period. Z contracts pneumonia that leaves him unable to work from January 1 until January 15. He then becomes disabled from an accident on February 1 and the disability last until July 1 the same year. She will become eligible to receive benefits starting on?Answer - March 1. The elimination period is the period of time between the onset of a disability, and the time you're eligible for benefits. It is best thought of as a deductib...

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - answer-C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: the...

A Supplementary Medical Expense policy combines the benefits of what two types of plans? - Answer Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? - Answer They mandate enrollment for groups of 25 or more. Which is not true concerning a Hospital Fixed-Rate plan? - Answer Benefits are paid directly to the hospital When benefits are paid to a policyowner covered under a Hospital Expense policy, the policy is considere...

Florida Insurance Exam (2-15) | Questions and Correct Solutions | latest Update 2024/2025 | Graded A+ A Supplementary Medical Expense policy combines the benefits of what two types of plans? - Answer -Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? - Answer -They mandate enrollment for groups of 25 or more. Which is not true concerning a Hospital Fixed-Rate plan? - Answer - Benefits are paid directly to the hospital Wh...

BTEC FINANCE Level 3 - Unit 3 – Finance Latest Exam Graded A+. what are the advantages of life insurance? - ANSWER provides permanent protection, flexible, tax benefits, low premiums for new policies what are the advantages of travel insurance? - ANSWER good for emergencies (can get booking costs back if your flights are cancelled), if you contract a disease your travel insurance will cover treatment costs that your medical insurance might not, may policies provide coverage for lost, stol...

A Supplementary Medical Expense policy combines the benefits of what two types of plans? correct answersBasic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? correct answersThey mandate enrollment for groups of 25 or more. Which is not true concerning a Hospital Fixed-Rate plan? correct answersBenefits are paid directly to the hospital When benefits are paid to a policyowner covered under a Hospital Expense policy, the policy ...

Updated FiCEP Test - Questions and Answer, Summer 2024 Money avoidance is the idea that money is evil or ______________ Undeserved The idea that money is the way to solve all a member's problems is money ______________ Worship Money ____________ is the member's belief that wealth is tied to self-worth. Money is seen as a member's way to one-up others. Status Money vigilance is a member's perceived need for ___________ about their financial matters. Secrecy The ideal spending cycle a member...

Health Insurance Exam| Questions and Verified Answers| Grade A (2023/2024 Update) Q: What does the rehabilitation benefit cover in a disability income policy? Answer: Covers the approved cost of the rehabilitation necessary to help a disabled insured return to work Q: Which of the following BEST describes a "partial disability"? Answer: Unable to perform one or more job duties Q: Beth is a surgeon who has an own-occupation disability income policy. She was injured ...