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Webce Insurance test questions (2025)
comprehensive questions and verified detailed
solutions ( MULTIPLE CHOICES) |100%
CORRECT!!|SCORE A+
A 40-year-old worker who takes a $9,000 distribution from her
traditional IRA to use as a down-payment on her first home will
pay a penalty tax of:
$4,500
$1,800
$0
$900 - . . ANSWER ✓✓ $0
*while most premature distributions are subject to a 10% penalty
tax, there is no penalty when the withdrawn funds are used to
purchase a first-time home
A basic physician expense policy typically specifies:
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the maximum benefit amount per visit, and the maximum
number of visits per injury or illness
the insured's deductible amount for each office visit
which providers the insured must use
the insured's copayment amount for each office visit - . .
ANSWER ✓✓ the maximum benefit amount per visit and the
maximum number of visits per injury or illness
A cancellable policy allows the insurer to:
ncellable policy allows the insurer to:
reduce coverage
increase premium
impose surcharges for coverage
cancel coverage without notice - . . ANSWER ✓✓ increase
premium
A claimant on a health insurance policy must give written notice
of the claim to the insurer within how many days following a
loss?
20
14
10
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7 - . . ANSWER ✓✓ 20 days
A currently insured worker is eligible for which of the following
Social Security benefits?
survivor death benefits and disability benefits
retirement benefits only
survivor death benefits, disability benefits, and retirement
benefits
survivor death benefits only - . . ANSWER ✓✓ survivor death
benefits only
A disability buy-out insurance policy typically has an elimination
period of: - . . ANSWER ✓✓ 18 to 24 months
A person who incurs a deductible medical expense is eligible for
reimbursement from:
an FSA
the health care provider
the person's employer
a trust fund - . . ANSWER ✓✓ a flexibile spending account (FSA)
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*Any expense the IRS considers a deductible medical expense is
eligible for reimbursement from an FSA
A PPO provides health care services at fees that are determined
on what basis?
negotiated, reduced fees
usual, customary, and reasonable (UCR) charges for the area
fees plus costs
federal guidelines - . . ANSWER ✓✓ negotiated, reduced fees
*A PPO offers negotiated and reduced fees to the sponsoring
organization's members or employees
A producer must give an applicant a Notice Regarding
Replacement no later than when? - . . ANSWER ✓✓ at the time
of application
A producer's commission for the sale of a Medicare supplement
policy in the first year following its effective date cannot exceed
what percentage of the commission paid for servicing the policy
in the second year?
150
Webce Insurance test questions (2025)
comprehensive questions and verified detailed
solutions ( MULTIPLE CHOICES) |100%
CORRECT!!|SCORE A+
A 40-year-old worker who takes a $9,000 distribution from her
traditional IRA to use as a down-payment on her first home will
pay a penalty tax of:
$4,500
$1,800
$0
$900 - . . ANSWER ✓✓ $0
*while most premature distributions are subject to a 10% penalty
tax, there is no penalty when the withdrawn funds are used to
purchase a first-time home
A basic physician expense policy typically specifies:
,2|Page
the maximum benefit amount per visit, and the maximum
number of visits per injury or illness
the insured's deductible amount for each office visit
which providers the insured must use
the insured's copayment amount for each office visit - . .
ANSWER ✓✓ the maximum benefit amount per visit and the
maximum number of visits per injury or illness
A cancellable policy allows the insurer to:
ncellable policy allows the insurer to:
reduce coverage
increase premium
impose surcharges for coverage
cancel coverage without notice - . . ANSWER ✓✓ increase
premium
A claimant on a health insurance policy must give written notice
of the claim to the insurer within how many days following a
loss?
20
14
10
,3|Page
7 - . . ANSWER ✓✓ 20 days
A currently insured worker is eligible for which of the following
Social Security benefits?
survivor death benefits and disability benefits
retirement benefits only
survivor death benefits, disability benefits, and retirement
benefits
survivor death benefits only - . . ANSWER ✓✓ survivor death
benefits only
A disability buy-out insurance policy typically has an elimination
period of: - . . ANSWER ✓✓ 18 to 24 months
A person who incurs a deductible medical expense is eligible for
reimbursement from:
an FSA
the health care provider
the person's employer
a trust fund - . . ANSWER ✓✓ a flexibile spending account (FSA)
, 4|Page
*Any expense the IRS considers a deductible medical expense is
eligible for reimbursement from an FSA
A PPO provides health care services at fees that are determined
on what basis?
negotiated, reduced fees
usual, customary, and reasonable (UCR) charges for the area
fees plus costs
federal guidelines - . . ANSWER ✓✓ negotiated, reduced fees
*A PPO offers negotiated and reduced fees to the sponsoring
organization's members or employees
A producer must give an applicant a Notice Regarding
Replacement no later than when? - . . ANSWER ✓✓ at the time
of application
A producer's commission for the sale of a Medicare supplement
policy in the first year following its effective date cannot exceed
what percentage of the commission paid for servicing the policy
in the second year?
150
