Life and Health Insurance Practice Test 3

When advising clients on selecting a medical insurance plan, which of the following recommendations would be the LEAST helpful?

Which savings plan is commonly offered in coordination with a high deductible health plan (HDHP)?

Major Medical Expense insurance provides coverage for catastrophic losses when:

John’s major medical plan has a $2500 deductible and an 80/20 coinsurance split. If John receives a provider bill for $1000, what dollar amount will he need to pay directly to the provider?

Which of the following laws was created by the National Association of Insurance Commissioners (NAIC) for the purpose of establishing standard provisions for inclusion in all individual health insurance policies?

Some individual health insurance policies include provisions that allow insurers to adjust medical plan premiums when an insured individual changes to a more hazardous occupation. This provision is called:

In general, a company is considered to be an “Applicable Large Employer (ALE)” if it:

With a self-funded health plan, the employer is financially responsible for the payment of claims to insured individuals. Which of the following would help most in mitigating financial risks associated with high plan utilization?

With an employer-sponsored medical insurance plan, companies must offer the coverage to all dependents who are under the age of:

Employers are permitted to offer different benefits and/or premium contributions to different groups of employees so long as: