Exam FX: Health Insurance – Simulated Exam with correct answers

Exam FX: Health Insurance – Simulated Exam with correct answers

Exam FX: Health Insurance – Simulated Exam with
correct answers
Max civil penalty for willful violation CORRECT ANSWER-$5,000
Max period of coverage for short term care policy CORRECT ANSWER-30
months
Medicare Part A CORRECT ANSWER-Automatically provided
Minimum schedule to make claim payments CORRECT ANSWER-monthly
Minimum employees required for a large group according to OBRA CORRECT
ANSWER-100
LTC policy can deny a claim due to pre-exsiting conditions within CORRECT
ANSWER-6 months
Medicare includes CORRECT ANSWER-post hospital skilled nursing,
hospitalization, and hospice
Standard Medicare CORRECT ANSWER-all providers have the same coverage
options and conditions
Disability insurance with weekly premiums have CORRECT ANSWER-7 day
grace period