#1
Which of the following statements best describes group health insurance?
Insurance that covers only individuals
Insurance provided to a group of people, typically employees of a company
Insurance that covers only senior citizens
Insurance that covers only children
#2
What is the main purpose of disability insurance?
To cover medical expenses for minor injuries
To provide financial protection in case of income loss due to disability
To provide coverage for dental treatments
To cover expenses related to mental health issues
#3
Which of the following is NOT typically covered under group health insurance?
Doctor visits
Prescription drugs
Dental care
Cosmetic surgery
#4
Which of the following is a characteristic of a Health Maintenance Organization (HMO) plan?
Requires referrals from a primary care physician for specialists' visits
Allows policyholders to visit any healthcare provider without restrictions
Provides coverage for out-of-network services
Doesn't require copayments for medical services
#5
Which of the following is NOT typically covered under disability insurance?
Lost income due to disability
Medical expenses related to the disability
Rehabilitation expenses
Cosmetic surgery unrelated to the disability
#6
What is COBRA in the context of group health insurance?
A type of insurance for pre-existing conditions
A law that allows individuals to continue their group health coverage for a limited time after leaving a job
A type of disability insurance
A form of insurance for vision care
#7
Which of the following is a characteristic of a short-term disability insurance policy?
It typically covers disabilities lasting less than one year
It only covers disabilities resulting from accidents
It provides coverage for disabilities lasting more than five years
It doesn't provide any financial benefits
#8
Which of the following types of disabilities are typically covered by long-term disability insurance?
Only physical disabilities
Only mental disabilities
Both physical and mental disabilities
Temporary disabilities
#9
What is the 'elimination period' in disability insurance?
The period during which the policyholder cannot file any claims
The waiting period before benefits kick in after the onset of disability
The period during which the policyholder receives reduced benefits
The duration of coverage provided by the insurance policy
#10
What does the term 'pre-existing condition' refer to in the context of health insurance?
A condition that arises during the policy period
A condition that existed prior to the policy's effective date
A condition that is excluded from coverage regardless of when it occurred
A condition that is covered only after a waiting period
#11
In group health insurance, what is meant by the term 'premium'?
The total amount of money paid out by the insurance company for claims
The amount of money paid by the insured individuals or their employers to the insurance company to maintain coverage
The amount of money an individual receives when filing a claim
The additional coverage provided for specific medical conditions
#12
What is the purpose of a waiver of premium provision in disability insurance?
To waive the premium payments during a period of disability
To increase the premium payments during a period of disability
To provide additional coverage for specific medical conditions
To cancel the insurance policy
#13
Which federal law mandates certain employers to provide group health insurance coverage to their employees?
Americans with Disabilities Act (ADA)
Health Insurance Portability and Accountability Act (HIPAA)
Employee Retirement Income Security Act (ERISA)
Affordable Care Act (ACA)
#14
Which of the following federal laws prohibits discrimination against individuals with disabilities in employment?
Americans with Disabilities Act (ADA)
Health Insurance Portability and Accountability Act (HIPAA)
Employee Retirement Income Security Act (ERISA)
Affordable Care Act (ACA)
#15
What is the purpose of a coordination of benefits provision in group health insurance?
To prevent overutilization of medical services
To determine the order of payment when a person is covered by more than one health insurance plan
To limit the coverage for pre-existing conditions
To cancel the policy