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CO Health Insurance Exam WITH COMPLETE
QUESTIONS AND CORRECT DETAILED SOLUTIONS
LATEST UPDATED VERSION JUST RELEASED
RECENTLY
Question: All of the following long-term care coverages would allow an insured to receive care
at home EXCEPT
A Skilled care.
B Custodial care in insured's house.
C Respite care.
D Home health care. - ANSWER✔✔A
Question: Which of the following is true regarding inpatient hospital care for HMO members?
A Care can only be provided in the service area.
B Services for treatment of mental disorders are unlimited.
C Inpatient hospital care is not part of HMO services.
D Care can be provided outside of the service area. - ANSWER✔✔D
Question: Which of the following is NOT covered under a long-term care policy?
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A Adult day care
B Hospice care
C Home health care
D Acute care in a hospital - ANSWER✔✔D
Question: An employee insured under a group health plan has been paying $25 monthly
premium for his group health coverage. The employer has been contributing $75, for the total
monthly cost of $100. If the employee leaves the company, what would be his maximum
monthly premium for COBRA coverage?
A $100
B $102
C $25
D $25.50 - ANSWER✔✔B
Question: Which of the following would NOT be considered a limited coverage policy?
A Accident insurance
B Cancer insurance
C Credit insurance
D Major medical expense insurance - ANSWER✔✔D
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Question: Which statement accurately describes group disability income insurance?
A Short-term plans provide benefits for up to 1 year.
B The extent of benefits is determined by the insured's income.
C In long-term plans, monthly benefits are limited to 75% of the insured's income.
D There are no participation requirements for employees. - ANSWER✔✔B
Question: Which type of a hospital policy pays a fixed amount each day that the insured is in a
hospital?
A Surgical
B Blanket
C Medigap
D Indemnity - ANSWER✔✔D
Question: Which of the following would be an example of a limited accident and health
insurance policy?
A An accidental death and dismemberment policy
B A Medicare policy
C A long-term care policy
D Adread disease policy - ANSWER✔✔D
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Question: Under an individual disability policy, the MINIMUM schedule of time in which claim
payments must be made to an insured is
A Within 45 days.
B Weekly.
C Biweekly.
D Monthly. - ANSWER✔✔D
Question: Insurers may change which of the following on a guaranteed renewable health
insurance policy?
A Individual rates
B No changes are permitted.
C Rates by class
D Coverage - ANSWER✔✔C
Question: The provision which prevents the insured from bringing any legal action against the
company for at least 60 days after proof of loss is known as
A Proof of loss.
B Legal actions.
C Time limit on certain defenses.
D Payment of claims. - ANSWER✔✔B
CO Health Insurance Exam WITH COMPLETE
QUESTIONS AND CORRECT DETAILED SOLUTIONS
LATEST UPDATED VERSION JUST RELEASED
RECENTLY
Question: All of the following long-term care coverages would allow an insured to receive care
at home EXCEPT
A Skilled care.
B Custodial care in insured's house.
C Respite care.
D Home health care. - ANSWER✔✔A
Question: Which of the following is true regarding inpatient hospital care for HMO members?
A Care can only be provided in the service area.
B Services for treatment of mental disorders are unlimited.
C Inpatient hospital care is not part of HMO services.
D Care can be provided outside of the service area. - ANSWER✔✔D
Question: Which of the following is NOT covered under a long-term care policy?
, Page 2 of 48
A Adult day care
B Hospice care
C Home health care
D Acute care in a hospital - ANSWER✔✔D
Question: An employee insured under a group health plan has been paying $25 monthly
premium for his group health coverage. The employer has been contributing $75, for the total
monthly cost of $100. If the employee leaves the company, what would be his maximum
monthly premium for COBRA coverage?
A $100
B $102
C $25
D $25.50 - ANSWER✔✔B
Question: Which of the following would NOT be considered a limited coverage policy?
A Accident insurance
B Cancer insurance
C Credit insurance
D Major medical expense insurance - ANSWER✔✔D
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Question: Which statement accurately describes group disability income insurance?
A Short-term plans provide benefits for up to 1 year.
B The extent of benefits is determined by the insured's income.
C In long-term plans, monthly benefits are limited to 75% of the insured's income.
D There are no participation requirements for employees. - ANSWER✔✔B
Question: Which type of a hospital policy pays a fixed amount each day that the insured is in a
hospital?
A Surgical
B Blanket
C Medigap
D Indemnity - ANSWER✔✔D
Question: Which of the following would be an example of a limited accident and health
insurance policy?
A An accidental death and dismemberment policy
B A Medicare policy
C A long-term care policy
D Adread disease policy - ANSWER✔✔D
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Question: Under an individual disability policy, the MINIMUM schedule of time in which claim
payments must be made to an insured is
A Within 45 days.
B Weekly.
C Biweekly.
D Monthly. - ANSWER✔✔D
Question: Insurers may change which of the following on a guaranteed renewable health
insurance policy?
A Individual rates
B No changes are permitted.
C Rates by class
D Coverage - ANSWER✔✔C
Question: The provision which prevents the insured from bringing any legal action against the
company for at least 60 days after proof of loss is known as
A Proof of loss.
B Legal actions.
C Time limit on certain defenses.
D Payment of claims. - ANSWER✔✔B
