1|Page
COLORADO HEALTH INSURANCE VERSION 1 AND 2 EXAMS
NEWEST 2025/2026 ACTUAL EXAM WITH COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS)
|ALREADY GRADED A+| ||PROFESSOR VERIFIED||
VERSION A
Long-term care coverage may be available as any of the following
options EXCEPT
A Individual long-term care.
B Endorsement to a life policy.
C Endorsement to a health policy.
D Group long-term care. - ANSWER-C
Which of the following would be an example of a limited accident
and health insurance policy?
AA dread disease policy
BAn accidental death and dismemberment policy
CA Medicare policy
DA long-term care policy - ANSWER-A
,2|Page
What is the period of coverage for events such as death or
divorce under COBRA?
A60 days
B31 days
C12 months
D36 months - ANSWER-D
An insured's long-term care policy is scheduled to pay a fixed
amount of coverage of $120 per day. The long-term care facility
only charged a $100 per day. How much will the insurance
company pay?
A80% of the total cost
B20% of the total cost
C$120 a day
D$100 a day - ANSWER-C
Which statement is NOT true regarding underwriting group health
insurance?
AThe group is assessed individually for insurability.
,3|Page
BThe premium can be made retroactive for the year.
CThe cost of the policy is partially determined by the ratio of
males to females in the group.
DEveryone in the group is covered, regardless of their medical
history. - ANSWER-A
If a business owner becomes totally disabled, a Business
Overhead Expense policy will pay all of the following EXCEPT
ARent.
BUtilities.
CEmployee payroll.
DLoss of the owner's income. - ANSWER-D
An insured is covered by a disability income policy that contains
an accidental means clause. The insured exits a bus by jumping
down the steps and breaks an ankle. What coverage will apply?
ACoverage will apply, but will be reduced by 50%.
BNo coverage will apply, since the injury could have been
foreseen.
, 4|Page
CNo coverage will apply, since disability income policies cover
sickness only.
DCoverage will apply since the break was accidental. - ANSWER-
B
A health insurance policy that pays a lump sum if the insured
suffers a heart attack or stroke is known as
AMajor medical.
BAD&D.
CMedical expense.
DCritical illness. - ANSWER-D
At what age may an individual make withdrawals from an HSA for
nonhealth purposes without being penalized?
A55
B59 1/2
C62
D65 - ANSWER-D
COLORADO HEALTH INSURANCE VERSION 1 AND 2 EXAMS
NEWEST 2025/2026 ACTUAL EXAM WITH COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS)
|ALREADY GRADED A+| ||PROFESSOR VERIFIED||
VERSION A
Long-term care coverage may be available as any of the following
options EXCEPT
A Individual long-term care.
B Endorsement to a life policy.
C Endorsement to a health policy.
D Group long-term care. - ANSWER-C
Which of the following would be an example of a limited accident
and health insurance policy?
AA dread disease policy
BAn accidental death and dismemberment policy
CA Medicare policy
DA long-term care policy - ANSWER-A
,2|Page
What is the period of coverage for events such as death or
divorce under COBRA?
A60 days
B31 days
C12 months
D36 months - ANSWER-D
An insured's long-term care policy is scheduled to pay a fixed
amount of coverage of $120 per day. The long-term care facility
only charged a $100 per day. How much will the insurance
company pay?
A80% of the total cost
B20% of the total cost
C$120 a day
D$100 a day - ANSWER-C
Which statement is NOT true regarding underwriting group health
insurance?
AThe group is assessed individually for insurability.
,3|Page
BThe premium can be made retroactive for the year.
CThe cost of the policy is partially determined by the ratio of
males to females in the group.
DEveryone in the group is covered, regardless of their medical
history. - ANSWER-A
If a business owner becomes totally disabled, a Business
Overhead Expense policy will pay all of the following EXCEPT
ARent.
BUtilities.
CEmployee payroll.
DLoss of the owner's income. - ANSWER-D
An insured is covered by a disability income policy that contains
an accidental means clause. The insured exits a bus by jumping
down the steps and breaks an ankle. What coverage will apply?
ACoverage will apply, but will be reduced by 50%.
BNo coverage will apply, since the injury could have been
foreseen.
, 4|Page
CNo coverage will apply, since disability income policies cover
sickness only.
DCoverage will apply since the break was accidental. - ANSWER-
B
A health insurance policy that pays a lump sum if the insured
suffers a heart attack or stroke is known as
AMajor medical.
BAD&D.
CMedical expense.
DCritical illness. - ANSWER-D
At what age may an individual make withdrawals from an HSA for
nonhealth purposes without being penalized?
A55
B59 1/2
C62
D65 - ANSWER-D
