Florida Insurance Exam (2-15) Questions and answers, Graded A, Updated 2023/2024
Florida Insurance Exam (2-15) Questions
and answers, Graded A, Updated
... [Show More] 2023/2024
A Supplementary Medical Expense policy combines the benefits of what two types
of plans?
Basic Medical and Major Medical
Which of the following is not correct concerning Health Maintenance
Organizations?
They mandate enrollment for groups of 25 or more.
Which is not true concerning a Hospital Fixed-Rate plan?
Benefits are paid directly to the hospital
When benefits are paid to a policyowner covered under a Hospital Expense policy,
the policy is considered to be which of the following?
Fixed-Rate plan
Which of the following about Health Reimbursement Accounts HRA's is/are
correct?
HRA's are established by the employer
Which of the following statements is true about Basic Hospital, Medical, and
Surgical Expense Policies?
They usually have a stated limit for specific expenses.
Which of the following plans used with High Deductible Health Plans is employee
owned?
Health Savings Accounts (HSAs)
6. Which of the following service providers allows for a primary care physician as
well as out-of-network care?
Point of Service Plan (POS)
Which of the following is true about coinsurance?
It helps control overutilization of benefits.
In a Basic Surgical policy, which of the following pays per point?
Relative Value
The type of health care provider that provides both the health care services and the
health care financing is a:
Health Maintenance Organization
Which of the following non-insurance entities are NOT involved with self-insured
plans?
Actuaries
Which of the following policies would cover a student pilot taking flying lessons?
Special Risk
An applicant for insurance may pay the initial premium and receive a document
from the agent indicating that if the policy is issued as requested coverage begins
on the date of the documents. What is this document called?
Conditional receipt
How does a basic medical plan avoid small claims and keep the cost of premiums
down?
by imposing benefit limits
A limited risk policy will pay for dread diseases
:
such as cancer
Stagmite purchases a major medical policy with a $100 annual deductible, 80/20
co-insurance and a maximum out-of-pocket of $5000. If Stagmite were to incur
covered expenses of $10,100, how much would Stag be out of pocket?
$2100
If all or part of a $500 deductible is offset by a Basic Medical policy, what type of
deductible applies?
Integrated
In a Basic Hospital Expense policy, the miscellaneous expense limits are a multiple
of what factor? [Show Less]