Accident and Health Insurance Exam

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Accident and Health Insurance Exam Questions and Answers Latest Version Already Passed

What is the main purpose of health insurance?

• To increase income

✔✔ B. To cover medical expenses

• To avoid paying taxes
• To invest in the stock market

Which of the following is covered under accident insurance?✔✔ A. Injuries from a fall

• Lost luggage
• Damaged property
• Life insurance premiums

A deductible in a health insurance policy is:

• A monthly payment

✔✔ B. The amount the insured pays before the insurer starts paying 1 / 4

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• A policy fee
• A penalty for late claims

What is a copayment?

• A claim form

✔✔ B. A fixed amount paid for a medical service

• The entire medical bill
• A tax on health plans

Which type of policy provides income during disability?

• Accident-only policy

✔✔ B. Disability income policy

• Life insurance
• Major medical insurance

When does a waiting period apply in a disability policy?✔✔ A. Before benefits begin

• After benefits end 2 / 4

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• During claim approval
• When policy is canceled

Which of the following is a feature of major medical insurance?✔✔ A. High maximum benefits

• No deductible
• Life insurance included
• Investment options

Which type of policy covers hospital stays and surgeries?✔✔ A. Health insurance

• Homeowners insurance
• Auto insurance
• Life insurance

What does an HMO emphasize?✔✔ A. Preventive care

• Catastrophic illness 3 / 4

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• Life coverage
• Long-term investment

What is the role of a primary care physician in an HMO?✔✔ A. Coordinates all healthcare

• Files tax returns
• Handles claims only
• Manages investments

What is a pre-existing condition?

• A new injury

✔✔ B. A health issue before policy started

• A future illness
• An accidental injury

An insurer may deny a claim if the insured:

✔✔ A. Provides false information

• Pays premiums early
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