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Health Insurance Rights & Benefits Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. How is the Indemnity principle different from the Subrogation rights?

Question 2 2. An insurance company pays your auto accident claim and then turns around and sues the other driver for negligence in your name. The company wins an award and keeps the money. This is an illustration of which of the following?

Question 3 3. Mary is in a car accident, and her car is completely destroyed. Her policy limit for damage to the car is $35,000. Her deductible is $1,000. The value of the car is $28,000. The insurance company is required to pay which amount?

Question 4 4. Jamie completed her will and first listed John to receive benefits once she passes away, including any health insurance policy benefits. She also states in the will that if John happens to pass away, all of the benefits would then go to Amy. What type of beneficiary is Amy?

Question 5 5. A person that is selected as first in line to receive benefits from a will, trust or health insurance policy is known as what?

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Question 6 6. Which contingent beneficiary condition involves distributions based off of achievements such as graduating high school or college?

Question 7 7. When considering occupational insurance the employer should consider?

Question 8 8. Workers Compensation laws are different depending on?

Question 9 9. Workers compensation insurance pays for lost wages and medical costs related to job-related injuries. In turn, the employee gives up?

Question 10 10. Which of the following people is a qualified dependent of Sarah for her health insurance policy?

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Question 11 11. Which of the following statements is true for adult children that are qualifying dependents for health insurance plans?

Question 12 12. At the end of 2016, what is the penalty if you don't have health insurance?

Question 13 13. Which of the following is TRUE of disability insurance proceed taxation?

Question 14 14. Which of the following forms of disability proceeds is subject to income taxes?

Question 15 15. Which of the following is a benefit of an employee paying health insurance premiums with pre-tax dollars?

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Question 16 16. Use the following information to determine which month an insurance company would use to determine which plan pays benefits first: Melissa and her husband each have health and dental insurance with their employers. Melissa's birthday is in December and her husband's birthday is in June. They have two children whose birthdays are in March and October.

Question 17 17. Ted and Sandra have health and dental coverage at work. Ted's plan covers 80% of his eligible expenses and Sandra's plan covers 90%. If Ted had an eligible expense of $200, how much would he receive after submitting to both plans?

Question 18 18. What type of insurance policy could contain a coordination of benefits clause?

Question 19 19. The following are two examples of managed care delivery systems:

Question 20 20. Managed care can be best described as _____.

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Question 21 21. Which managed care delivery system allows members to select PPO or HMO options each time they seek services?

Question 22 22. Tim cuts his hand at work, requiring bandaging at the first aid station, but he returns to work immediately. He is able to continue coming to work until he resigns because his supervisor was very strict and often yelled. The injury did not inflict any permanent damage. Why is Tim NOT entitled to indemnity benefits?

Question 23 23. Sara is injured at work, and is confined to a bed for a week while she fully recovers. What's the most likely indemnity benefit she will receive?

Question 24 24. Which of the following would be an event that would make a worker qualified for workers' compensation benefits?

Question 25 25. How does insurance allow a person or business to manage risk?

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Question 26 26. What is a health savings account?

Question 27 27. An accident that occurs away from work and prevents you from doing your job is called?

Question 28 28. Which of the following is not a qualifying dependent of David for his health insurance plan?

Question 29 29. The IRS counts the health insurance costs of _____ owners who own more than two percent of the company as taxable income.

Question 30 30. Ben and Sarah have health and dental coverage at work. Ben's plan covers 50% of his eligible expenses and Sarah's plan covers 70%. If Sarah submitted a $100 claim for herself, whose plan would pay first and how much would it pay?

Health Insurance Rights & Benefits Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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