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ARKANSAS HEALTH INSURANCE EXAM AND
PRACTICE EXAM NEWEST 2024 -2025 ACTUAL
EXAM COMPLETE 400 QUESTIONS AND
CORRECT DETAILED ANSWERS ( VERIFIED
ANSWERS) |ALREADY GRADED A+
ARKANSAS HEALTH INSURANCE EXAM
Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. Her health policy most likely contains a(n)
stop-loss provision deductible copayment out of pocket provision - ANSWER- deductible
A health insurance policy will typically cover
injuries obtained from war elective cosmetic surgery 1 / 4
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preventative health services work related injuries - ANSWER- preventative health services
What is the tax liability for emplover contributions in Health Savings Accounts (HSA's)?
Taxable as regular income to the employee Tax-deductible expense to the employee No tax payment needed Taxable to the employee when they exceed 7 1/2 % AGI - ANSWER- No tax payment needed
Coming from an insurance point of view, which of the following is the main risk associated with disabilitv?
Loss of limbs Loss of income Decreased work skills Decreased mobility - ANSWER- Loss of income
The waiting period for a disability insurance policy
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excludes payments for a short-term illness or injury is the period of time that must elapse following the effective date of the policy before benefits are payable helps the insurer determine if the claim is legitimate allows the insurer to collect medical information on the policyowner - ANSWER- Excludes payment for a short-term illness or injury
Frank is shopping for a disability income policy. Which of the following would have the HIGHEST premium?
14 day waiting period / 5 year benefit period 14 day waiting period / 10 year benefit period 28 day waiting period / 5 year benefit period 28 day waiting period / 10 year benefit period - ANSWER- 14 day waiting period / 10 year benefit period
A rehabilitation benefit is intended to
prepare the insured to return to employment minimize the insurer's liability give the insured time to find a new career 3 / 4
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increase the overall benefits given to the insured - ANSWER- prepare the insured to return to employment
Which type of disability would be less than total impairment and equal to permanent impairment?
Partial total disability Permanent partial disability Residual partial disability Temporary partial disability - ANSWER- Permanent partial disability
The factor used most often when underwriting a disability income policy is
annual earnings sex of the insured marital status occupation - ANSWER- annual earnings
What percentage of a participant's income are group long-term disability benefit amounts typically limited to?
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