CISR LIFE HEALTH PRACTICE EXAM 2
QUESTIONS WITH CORRECT ANSWERS
Which of the following is NOT an "Eligible Opt-out" for the participation
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underwriting requirement for a group health insurance program? - CORRECT
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ANSWER✔✔-A voluntary group accident plan | | | |
Jimmy has a scheduled surgery. Prior to his checking into the hospital, the
| | | | | | | | | | | | |
surgeon orders diagnostic tests be performed at an out-patient clinic. This process
| | | | | | | | | | |
|is part of which cost containment feature? - CORRECT ANSWER✔✔-Pre-
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admission testing (PAT) | |
Jon is an HR director of an accounting firm. The partners of the firm want to add
| | | | | | | | | | | | | | | | |
a Flexible Spending Account (FSA) to their benefit package. Jon is aware that
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there is more than one type of FSA. Which of the following is not an option for
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Jon to consider? - CORRECT ANSWER✔✔-Health Reimbursement Accounts
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Sue is injured in an automobile accident. She is out on disability for 45 days.
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While she was disabled, she was reading through her insurance policies and
| | | | | | | | | | | |
noticed that her life insurance policy had a disability waiver rider attached. She
| | | | | | | | | | | | |
asked you if she could receive any income from her life insurance policy. Which of
| | | | | | | | | | | | | |
the following would be you response to Sue? - CORRECT ANSWER✔✔-The
| | | | | | | | | | | |
Disability waiver rider pays the life insurance premium after a waiting period of 3-
| | | | | | | | | | | | |
6 months.
|
, A deductible is a benefit payment provision of a health insurance plan. Usually, a
| | | | | | | | | | | | | |
deductible has how long to accumulate? - CORRECT ANSWER✔✔-12 months
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Medicare Part D may have a coverage gap for people with high drug costs. This
| | | | | | | | | | | | | | |
gap is often referred to as which of the following? - CORRECT ANSWER✔✔-The
| | | | | | | | | | | |
"donut hole"
| |
Medicare Supplements are available in 10 standard plans, each named with a
| | | | | | | | | | | |
different letter. Private insurance companies offer these plans. What is the
| | | | | | | | | | |
difference between a Medicare Supplement Part G being offered by three
| | | | | | | | | | |
different companies? - CORRECT ANSWER✔✔-Premium
| | | |
A key provision of the Affordable Care Act (ACA) is "Minimum Essential
| | | | | | | | | | | |
Coverage," which requires that ACA-compliant health plans offer a plan that has
| | | | | | | | | | |
|"minimum value" and "affordability." Another key provision is which of the
| | | | | | | | | | |
following? - CORRECT ANSWER✔✔-Essential Health Benefits
| | | | |
Ashley is turning 65 in June of the current year. How long is her initial Medicare
| | | | | | | | | | | | | | | |
enrollment period? - CORRECT ANSWER✔✔-7 months : 3 months prior to her
| | | | | | | | | | | |
birth month, her birth month, 3 months after her birth month
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John discovers that he is the beneficiary of a life insurance policy on his
| | | | | | | | | | | | | |
grandmother. She has instructed him to use the funds to pay for her final
| | | | | | | | | | | | | |
expenses. john asks you if the proceeds he receives from his grandmother's
| | | | | | | | | | | |
personal life insurance policy us going to be taxable to him. Your response to John
| | | | | | | | | | | | | |
|is which of the following? - CORRECT ANSWER✔✔-The premiums were not
| | | | | | | | | | |
deductible by his Grandmother, therefore the proceeds aren't taxable.
| | | | | | | |
QUESTIONS WITH CORRECT ANSWERS
Which of the following is NOT an "Eligible Opt-out" for the participation
| | | | | | | | | | | |
underwriting requirement for a group health insurance program? - CORRECT
| | | | | | | | | |
ANSWER✔✔-A voluntary group accident plan | | | |
Jimmy has a scheduled surgery. Prior to his checking into the hospital, the
| | | | | | | | | | | | |
surgeon orders diagnostic tests be performed at an out-patient clinic. This process
| | | | | | | | | | |
|is part of which cost containment feature? - CORRECT ANSWER✔✔-Pre-
| | | | | | | | |
admission testing (PAT) | |
Jon is an HR director of an accounting firm. The partners of the firm want to add
| | | | | | | | | | | | | | | | |
a Flexible Spending Account (FSA) to their benefit package. Jon is aware that
| | | | | | | | | | | | |
there is more than one type of FSA. Which of the following is not an option for
| | | | | | | | | | | | | | | | |
Jon to consider? - CORRECT ANSWER✔✔-Health Reimbursement Accounts
| | | | | | |
Sue is injured in an automobile accident. She is out on disability for 45 days.
| | | | | | | | | | | | | | |
While she was disabled, she was reading through her insurance policies and
| | | | | | | | | | | |
noticed that her life insurance policy had a disability waiver rider attached. She
| | | | | | | | | | | | |
asked you if she could receive any income from her life insurance policy. Which of
| | | | | | | | | | | | | |
the following would be you response to Sue? - CORRECT ANSWER✔✔-The
| | | | | | | | | | | |
Disability waiver rider pays the life insurance premium after a waiting period of 3-
| | | | | | | | | | | | |
6 months.
|
, A deductible is a benefit payment provision of a health insurance plan. Usually, a
| | | | | | | | | | | | | |
deductible has how long to accumulate? - CORRECT ANSWER✔✔-12 months
| | | | | | | | |
Medicare Part D may have a coverage gap for people with high drug costs. This
| | | | | | | | | | | | | | |
gap is often referred to as which of the following? - CORRECT ANSWER✔✔-The
| | | | | | | | | | | |
"donut hole"
| |
Medicare Supplements are available in 10 standard plans, each named with a
| | | | | | | | | | | |
different letter. Private insurance companies offer these plans. What is the
| | | | | | | | | | |
difference between a Medicare Supplement Part G being offered by three
| | | | | | | | | | |
different companies? - CORRECT ANSWER✔✔-Premium
| | | |
A key provision of the Affordable Care Act (ACA) is "Minimum Essential
| | | | | | | | | | | |
Coverage," which requires that ACA-compliant health plans offer a plan that has
| | | | | | | | | | |
|"minimum value" and "affordability." Another key provision is which of the
| | | | | | | | | | |
following? - CORRECT ANSWER✔✔-Essential Health Benefits
| | | | |
Ashley is turning 65 in June of the current year. How long is her initial Medicare
| | | | | | | | | | | | | | | |
enrollment period? - CORRECT ANSWER✔✔-7 months : 3 months prior to her
| | | | | | | | | | | |
birth month, her birth month, 3 months after her birth month
| | | | | | | | | |
John discovers that he is the beneficiary of a life insurance policy on his
| | | | | | | | | | | | | |
grandmother. She has instructed him to use the funds to pay for her final
| | | | | | | | | | | | | |
expenses. john asks you if the proceeds he receives from his grandmother's
| | | | | | | | | | | |
personal life insurance policy us going to be taxable to him. Your response to John
| | | | | | | | | | | | | |
|is which of the following? - CORRECT ANSWER✔✔-The premiums were not
| | | | | | | | | | |
deductible by his Grandmother, therefore the proceeds aren't taxable.
| | | | | | | |
