WV HEALTH INSURANCE FINAL EXAM QUESTIONS AND CORRECT ANSWERS

Which of the following will vary the length of the grace period in health insurance policies? B) The mode of the premium payment. Which of the following is NOT covered under a long-term care policy? A) Acute care in a hospital Which of the following statements pertaining to Medicare Part A is correct? C) Individuals who have ALS automatically qualify for Medicare Part A, regardless of age. Don has both a basic expense and a major medical policy. He is injured in an accident, which requires several major surgeries. This quickly exhausts Don's basic medical expense policy. What must Don do before his major medical policy can pick up where the basic expense policy left off? B) Pay a special deductible on his major medical policy. In which Medicare supplemental policies are the core benefits found? B) All plans When Linda suffered a broken hip, she notified her agent, in writing, within 12 days of the loss. However, her agent did not notify the insurance company until 60 days after the loss. Which of the following statements correctly explains how this claim would be handled? C) The insurer is considered to be notified since the notification to agent equals notification to the insurer. What document describes an insured's medical history, including diagnoses and treatments? C) Attending physician's Statement If an insured changes the premium payment mode from monthly to annually, what happens to the total premium? C) Decreases Whose responsibility is it to determine if all of the questions on an application have been answered? B) The agent