Premium Mode Is A Term Used To Describe The
Premium mode is a term used to describe the
frequency of the premium payment
Which of the following is NOT an example of utilization review?
ongoing inspection of accident prone individuals
Which of the following typically does NOT provide a form of managed care?
Major medical indemnity plan
What happens when an insurance policy is backdated?
The policy's effective date is earlier than the present
A 10% excise tax is normally applied to an early withdrawal from an IRA. According to HIPAA, this tax will not be applied if the withdrawal is used for medical expenses that exceed ____ of the individual's adjusted gross income.
7.5%
The IRS allows a taxpayer to deduct medical expenses that exceed 7.5% of their adjusted gross income. Which of the following is considered a tax deductible medical expense under this rule?
Long Term Care insurance premiums
One of the most important considerations when replacing health insurance would be the
Exclusions on a new policy
The difference between pre-certification and concurrent review is that pre-certification
occurs before the treatment is provided
Bill the producer is collecting the initial premium on a health policy. Which of the following statements is true?
The contract is not in force without the initial premium being paid
XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. Which of the following would be the appropriate tax consequence?
Benefits are fully taxable