All Of The Following Are True Statements Except

Question:

Answer: a

Question: All of the following groups are eligible for group rates, except:

A

Labor unions

B

Employers

C

Groups formed to reduce premiums

D

Associations

Answer: c

Question:

Answer: a

Question: Which provision in a health insurance plan is used to avoid overinsurance when a person is covered by more than one plan?

A

Primary Care Coverage

B

Coordination of Benefits

C

Extension of Benefits

D

Schedule of Benefits

Answer: b

Question: Which provision of group health plans is used to determine primary and secondary coverage when an insured is covered by more than one insurance plan?

A

Extension of Benefits

B

Schedule of Benefits

C

Primary Care Coverage

D

Coordination of Benefits

Answer: d

Question:

Answer: d

Question: A third party administrator is utilized in which of the following plans?

A

HMOs

B

Fully insured plans

C

Self-funded plans

D

Commercial insurance plans

Answer: c

Question: Benefits received from an individual Long-Term Care Policy are not subject to ______, regardless of the deductibility of the premiums paid for the plan.

A

Income tax

B

Deductibles

C

Premiums

D

Sales tax

Answer: a

Question: Which is not a qualifying event for the continuation of dependent coverage under the Consolidated Omnibus Budget Reconciliation Act?

A

The employee’s eligibility for Medicare benefits

B

Divorce or legal separation

C

Death of the employee

D

Termination of the employee for theft

Answer: d

Question:

Answer: d