Health and Accident Insurance Questions and Answers With Complete Solutions

Health and Accident Insurance Questions and

Answers With Complete Solutions



An employer is issued a group medical insurance policy. This single contract is

known as a(n)

entire contract

master policy

certificate of coverage

employer contract

Master Policy

What is issued to each employee of an employer health plan?

Provision

Receipt

Policy

Certificate

Certificate

Which of the following decisions would a Health Savings Account (HSA) owner

NOT be able to make?

The amount contributed by the employer

The amount contributed by the owner

, The underlying account investments used

The medical expenses paid for by the HSA

The amount contributed by the employer

Which of the following is INELIGIBLE to participate in a Section 125 Plan?

Key Employee in a C-Corp

Highly Compensated Employee in an S-Corp

A C-Corp Owner with a greater than 2% share

An S-Corp Owner with a greater than 2% share

An S-corp owner with a greater than 2% share

Under the subrogation clause, legal action can be taken by the insurer against the

responsible third party

beneficiary

policyowner

State

Responsible Third party

According to HIPAA, when an insured individual leaves an employer and

immediately begins working for a new company that offers group health

insurance, the individual

is eligible for coverage upon hire

must wait 360 days to be eligible for coverage

must continue coverage with the previous employer

is eligible for only health insurance, not life or dental insurance

Is eligible for coverage upon hire