PF 7.01 Review Question Preview (ID: 11776)
Study Questions For Personal Finance Obj. 7.01.
TEACHERS: click here for quick copy question ID numbers.
John's insurance policy will pay his expenses for hospitalization, surgeries, and doctors' care. Which type of health insurance coverage is this?
a) Accidental injury
b) Basic medical benefits
c) Long-term care
d) Major medical
Timothy has been out of work for months because he has crippling arthritis. He receives monthly income from his insurance policy. Which type of insurance is this?
a) Accidental injury
b) Basic medical benefits
c) Disability
d) Major medical
John must pay $500 in approved medical expenses before his insurance policy will make any payments. Which feature of health insurance is this?
a) coverage
b) deductible
c) exclusion
d) preauthorization
Jenny's employer announced a new health insurance plan that requires all medical services be arranged through a primary care physician. This is a what health insurance program?
a) Health Management Organization (HMO)
b) Health Savings Account (HSA)
c) Point of Service (POS)
d) Preferred Provider Organization (PPO)
Alexis is 22, single, and living on her own. She hopes to marry and have children someday. Term insurance has which advantage?
a) cash value
b) convertible
c) low cost
d) permanent
Rashad has insurance that will cover the three months of nursing home care he will need after his automobile accident. Which type of insurance is this?
a) disability
b) long term care
c) major medical
d) medigap
Dilon insurance policy will pay his expenses for hospitalization, surgeries, and doctors' care. Which type of health insurance coverage is this?
a) Accidental injury
b) Basic medical benefits
c) Long-term care
d) Major medical
Timothy bought life insurance that allows him to borrow against it when he needs money for emergency expenses that. Which type of insurance is this?
a) Convertible term
b) Level term
c) Renewable term
d) Whole-life
Since Shanyia was being treated for diabetes when she purchased health insurance, her health plan will not pay for her diabetes treatments. Which insurance policy feature is this?
a) Open enrollment period
b) Preauthorization
c) Pre-existing condition
d) Primary care
Jesse recently left his job, but a law makes him eligible to keep his same health insurance for up to 18 months if he is willing to pay for it. What policy feature is this?
a) COBRA
b) FTC
c) HMO
d) MEDICAID
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