Health Insurance Florida 2-40 License –
Florida 2-40 Health Insurance Agent
Exam 2025 – Complete exam preparation
material
Introduction:
This document contains an extensive set of 350 practice exam
questions with correct answers for the Florida Health
Insurance 2-40 license exam. It covers major medical
insurance, disability income, Medicare and Medicaid, HMOs,
group health insurance, underwriting, Florida insurance
regulations, and ethical standards. The material is designed for
thorough exam preparation and review for candidates seeking
to pass the Florida 2-40 Health Insurance Agent exam.
Exam Questions and Answers:
Which of the following types of insurance policies combines
several types of benefits and provides more coverage than any
of the others?
-Hospital expense
-Comprehensive major medical
-Hospital indemnity
,-Surgical expense ---Correct Answer---Comprehensive major
medical (Explanation:
Comprehensive major medical plans cover virtually all medical
expenses in a single policy. Such as hospital, physician and
surgeon, nursing care, drugs, physical therapy, x-rays, medical
supplies, etc.)
Wanda has a Major Medical policy with a flat deductible of
$250, coinsurance of 80%/20% and a stop-loss of $5,000. She
has a covered claim for $5,500. What will Wanda pay?
-$1,100
-$250
-$1,300
-$4,450 ---Correct Answer---$1,300 (Wanda will pay the first
$250 (her deductible) and then 20% of the remainder ($5,250,
remainder amount, x .20 = $1,050. So Wanda will pay a total
amount of $1,300 ($250 deductible, plus 20% of 5,250).)
Travis has a Major Medical policy with a flat deductible of
$500 and coinsurance of 80%/20% on the next $5,000 in
covered expenses with 100% coverage for any remaining
covered expenses. On an claim of $10,000, what amount will
Travis pay?
,-$2,500
-$1,500
-$2,000
-$1,000 ---Correct Answer---$1,500 (Explanation:
Travis will pay the first $500 (deductible) and then 20% of the
next $5,000 ($5,000 x .20 = $1,000. So Travis will pay a total
of $1,500 (deductible plus 20% of $5,000).)
When comparing a major medical policy having an 80%/20%
coinsurance provision with one having a 75%/25%
coinsurance provision, the insured will pay more or less
premium for the 80%/20% provision?
-Less premium
-The same premium
-Significantly less premium
-More premium ---Correct Answer---More premium
(Explanation:
Because the insured will be responsible for less of the cost for
medical expenses (20% verses 25%), he will pay more in
premium costs.)
, Jason has a Major Medical policy with a flat deductible of
$500, coinsurance of 80%/20% and a stop-loss of $5,000. If
he has a covered claim of $5,500, what will the insurance
company pay?
-$0
-$4,400
-$1,500
-$4,000 ---Correct Answer---$4,000 (Explanation:
Jason will pay the first $500 (his deductible amount) of the
total medical bills. After this Jason will pay 20% of the
remainder ($5,000) and the insurance company will pay 80%.
$5,000 (amount remaining) x .80 = $4,000 paid by insurance
company.)
All of the following are types of major medical policy
deductibles, EXCEPT?
-Franchise
-Integrated
-Corridor
-Flat ---Correct Answer---Franchise
Florida 2-40 Health Insurance Agent
Exam 2025 – Complete exam preparation
material
Introduction:
This document contains an extensive set of 350 practice exam
questions with correct answers for the Florida Health
Insurance 2-40 license exam. It covers major medical
insurance, disability income, Medicare and Medicaid, HMOs,
group health insurance, underwriting, Florida insurance
regulations, and ethical standards. The material is designed for
thorough exam preparation and review for candidates seeking
to pass the Florida 2-40 Health Insurance Agent exam.
Exam Questions and Answers:
Which of the following types of insurance policies combines
several types of benefits and provides more coverage than any
of the others?
-Hospital expense
-Comprehensive major medical
-Hospital indemnity
,-Surgical expense ---Correct Answer---Comprehensive major
medical (Explanation:
Comprehensive major medical plans cover virtually all medical
expenses in a single policy. Such as hospital, physician and
surgeon, nursing care, drugs, physical therapy, x-rays, medical
supplies, etc.)
Wanda has a Major Medical policy with a flat deductible of
$250, coinsurance of 80%/20% and a stop-loss of $5,000. She
has a covered claim for $5,500. What will Wanda pay?
-$1,100
-$250
-$1,300
-$4,450 ---Correct Answer---$1,300 (Wanda will pay the first
$250 (her deductible) and then 20% of the remainder ($5,250,
remainder amount, x .20 = $1,050. So Wanda will pay a total
amount of $1,300 ($250 deductible, plus 20% of 5,250).)
Travis has a Major Medical policy with a flat deductible of
$500 and coinsurance of 80%/20% on the next $5,000 in
covered expenses with 100% coverage for any remaining
covered expenses. On an claim of $10,000, what amount will
Travis pay?
,-$2,500
-$1,500
-$2,000
-$1,000 ---Correct Answer---$1,500 (Explanation:
Travis will pay the first $500 (deductible) and then 20% of the
next $5,000 ($5,000 x .20 = $1,000. So Travis will pay a total
of $1,500 (deductible plus 20% of $5,000).)
When comparing a major medical policy having an 80%/20%
coinsurance provision with one having a 75%/25%
coinsurance provision, the insured will pay more or less
premium for the 80%/20% provision?
-Less premium
-The same premium
-Significantly less premium
-More premium ---Correct Answer---More premium
(Explanation:
Because the insured will be responsible for less of the cost for
medical expenses (20% verses 25%), he will pay more in
premium costs.)
, Jason has a Major Medical policy with a flat deductible of
$500, coinsurance of 80%/20% and a stop-loss of $5,000. If
he has a covered claim of $5,500, what will the insurance
company pay?
-$0
-$4,400
-$1,500
-$4,000 ---Correct Answer---$4,000 (Explanation:
Jason will pay the first $500 (his deductible amount) of the
total medical bills. After this Jason will pay 20% of the
remainder ($5,000) and the insurance company will pay 80%.
$5,000 (amount remaining) x .80 = $4,000 paid by insurance
company.)
All of the following are types of major medical policy
deductibles, EXCEPT?
-Franchise
-Integrated
-Corridor
-Flat ---Correct Answer---Franchise
