Colorado Health Insurance Exam| Questions and Verified Answers|100% Correct (2023/2024)
Colorado Health Insurance Exam| Questions
and Verified Answers|100% Correct
(2023/2024)
Q: A group long-term disability plan is integrated with Social Security when which of the
following statements is CORRECT?
A. Social Security and group benefits pay a combined maximum limit.
A.
Social Security and group benefits pay a combined maximum limit.
B. Full group benefits are paid in addition to Social Security benefits.
B.
Full group benefits are paid in addition to Social Security benefits.
C. Full Social Security benefits are paid after group benefits are exhausted.
C.
Full Social Security benefits are paid after group benefits are exhausted.
D. Half of the allowable Social Security benefits are paid after group benefits are exhausted.
D.
Half of the allowable Social Security benefits are paid after group benefits are exhausted.
Answer:
A
Q: A health care plan that reimburses a flat fee for medical care it provides at a clinic it owns
and operates is referred to as:
A. a Health Maintenance Organization
A.
a Health Maintenance Organization
B. Medicaid
B.
Medicaid
C. Medicare
C.
Medicare
D. a Multiple Employer Trust (MET)
D.
a Multiple Employer Trust (MET)
Answer:
A
Q: Which of the following provisions explains that a producer does not have the authority to
waive the provisions of an insurance contract?
A. Legal actions
A.
Legal actions
B. Reinstatement
B.
Reinstatement
C. Time limit on certain defenses
C.
Time limit on certain defenses
D. Entire Contract
D.
Entire Contract
Answer:
D
Q: The PRIMARY purpose of Medicaid is to:
A. pay for expenses not covered by Medicare
A.
pay for expenses not covered by Medicare
B. provide Disability Income benefits to people on Medicare
B.
provide Disability Income benefits to people on Medicare
C. provide Medical Expense coverage to persons meeting certain minimum income requirements
C.
provide Medical Expense coverage to persons meeting certain minimum income requirements
D. provide funds for people injured in natural disasters
D.
provide funds for people injured in natural disasters
Answer:
C
Q: Which of the following definitions of disability would cover a permanent partial disability?
A. Own occupation
A.
Own occupation
B. Any occupation
B.
Any occupation
C. Residual disability
C.
Residual disability
D. Presumptive disability
D.
Presumptive disability
Answer:
C
Q: Under a group health plan, an employer may offer additional benefits to classes of
employees on the basis of all of the following factors EXCEPT:
A. length of employment
B. gender
C. salary grade
D. job category
Answer:
B
Q: A Disability Income policy may provide benefits for which of the following losses?
A. Residual Disability
B. Catastrophic medical expenses
C. Long term care
D. Supplemental payments to Medicare
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