#1
What does health insurance primarily provide coverage for?
Medical expenses
Car repairs
Grocery bills
Home renovations
#2
Which of the following is typically not covered by health insurance?
Routine check-ups
Emergency room visits
Cosmetic surgery
Prescription medications
#3
What is the purpose of a disability insurance?
To provide coverage for medical expenses
To replace lost income due to inability to work
To provide coverage for home repairs
To cover travel expenses
#4
Which type of disability insurance is typically offered through employers?
Short-term disability insurance
Long-term disability insurance
Private disability insurance
Government-sponsored disability insurance
#5
What is the deductible in health insurance?
The maximum amount the insured person pays out of pocket before the insurance starts covering expenses
The amount the insurance company pays for each medical procedure
The premium paid monthly for health coverage
The total amount of coverage provided by the insurance policy
#6
Which of the following is not a factor typically considered when determining health insurance premiums?
Age
Gender
Occupation
Blood type
#7
What does SSDI stand for in disability insurance?
State-Sponsored Disability Insurance
Social Security Disability Insurance
Supplemental Disability Insurance
Savings-Driven Disability Insurance
#8
What is the coinsurance in health insurance?
A type of health plan available only for seniors
A percentage of covered expenses that the insured person must pay after the deductible is met
A government-sponsored health insurance program for low-income individuals
The amount the insurance company pays for each medical procedure
#9
Which of the following is a characteristic of a high-deductible health plan (HDHP)?
Low premiums and high out-of-pocket costs
Low out-of-pocket costs and high premiums
No deductible and no copayments
No premiums but high copayments
#10
What is the waiting period in disability insurance?
The time it takes to process a claim
The time between the onset of disability and when benefits begin
The time it takes to renew a policy
The time it takes to choose a coverage plan
#11
What is COBRA in the context of health insurance?
A type of health plan available for children under 18
A government-sponsored health insurance program
A law that allows individuals to continue their group health insurance coverage after leaving employment
A type of health savings account
#12
In disability insurance, what is residual disability coverage?
Coverage for disabilities resulting from pre-existing conditions
Coverage for disabilities that prevent the insured from performing all of the duties of their occupation
Coverage for disabilities that result in total and permanent disability
Coverage for disabilities that result in partial loss of income
#13
What is the purpose of long-term care insurance?
To provide coverage for short-term illnesses or injuries
To cover medical expenses for routine check-ups
To cover the costs of assistance with daily living activities for an extended period
To provide coverage for emergency medical treatments
#14
What is the difference between group disability insurance and individual disability insurance?
Group disability insurance is provided by employers, while individual disability insurance is purchased independently
Group disability insurance covers short-term disabilities, while individual disability insurance covers long-term disabilities
Group disability insurance has higher premiums than individual disability insurance
There is no difference between group and individual disability insurance
#15
What is the purpose of a pre-existing condition clause in health insurance?
To exclude coverage for any medical condition that existed before the insurance policy was issued
To provide coverage for all medical conditions, regardless of when they developed
To limit coverage for only those medical conditions that are diagnosed after the insurance policy is issued
To waive the waiting period for coverage of pre-existing conditions
#16
What is the purpose of a waiting period in disability insurance?
To delay the processing of insurance claims
To provide a grace period for premium payments
To exclude coverage for disabilities that occur during a specified timeframe
To prevent individuals from filing fraudulent claims