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Types Of Health Policies

Terms in this set (18)

Regarding long-term care coverage, as the elimination period gets shorter, the premium
Increases
In long-term care (LTC) policies, as the benefit period lengthens, the premium
Increases
After a person's employment is terminated, it is possible to obtain individual health insurance after losing the group health coverage provided by the employer. Which of the following is NOT true?
...
Which of the following is considered a presumptive disability under a disability income policy?
Loss of two limbs
What coverage, written in conjunction with hospital expense policies, covers surgeons' fees, anesthesiologist, and the operating room?
Basic Surgical Expense
How are employer contributions to Health Reimbursement Accounts treated in regards to taxation?
Tax Deductible
In a disability policy, the probationary period refers to the time
During which illness-related disabilities are excluded from coverage
If a health care plan has characteristics of an HMO and PPO, what type of plan is it?
POS
Which of the following insurance coverages would be allowed with an MSA?
Long term care
AD&D policy
Lump sum benefits, death within 90 days
The period of time immediately following a disability during which benefits are not payable is
Elimination period
Regarding the taxation of Business Overhead policies,
Premiums are deductible, and benefits are taxed
Insurance that would pay for hiring a replacement for an important employee who becomes disabled is called
Key Person Disability
The benefits for individual disability plans are based on
a flat amount
Hospital Indemnity
provides a specific amount on a daily, weekly or monthly basis while the insured is confined to a hospital
critical illness
pays a lump sum to the insured upon diagnosis and survival of a critical illness
Dread Disease Policy
Provides coverage for specific diseases, such as cancer or leukemia.
Social Security Supplement (SIS) or Social Security Riders would provide for the payment of income benefits in each of the situations below EXCEPT
When the amount payable under Social Security is more than the amount payable under the rider.
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