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Maximum Benefits Limits: Lifetime, Annual & Per Cause

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is NOT an example of a maximum benefit limit that an insurance company could place on health and disability insurance?

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1. Which of the following would NOT be considered an essential health service and could have a lifetime limit?

2. Which of the following characteristics does NOT apply to an annual limit?

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About This Quiz & Worksheet

You'll get to see how much knowledge you possess regarding maximum benefits limits thanks to the quiz/worksheet combo. You can expect to be tested on topics like the different types of maximum benefit limits and how they work.

Quiz & Worksheet Goals

Using the worksheet/quiz combo, see how familiar you are with:

  • Term for the maximum dollar amount that an insurance company would pay for benefits for as long as an individual was a member of the plan
  • Essential health services that could have a lifetime limit
  • An example of a maximum benefit limit that an insurance company could place on health and disability insurance
  • Characteristics that apply to an annual limit

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on maximum benefits limits
  • Information recall - access the knowledge you have gained about the limit represented by an amount that an insured individual must pay for each new illness or injury before an insurance company will pay
  • Knowledge application - use your knowledge to answer questions about different maximum benefits limits

Additional Learning

Cover more information quickly by making an effort to complete the lesson, Maximum Benefits Limits: Lifetime, Annual & Per Cause. Use this lesson to cover the following objectives:

  • Examine the purpose of maximum benefits limits
  • Review maximum benefits limit examples
  • Define grandfathered
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