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NC - Health Insurance - Practice Exam Questions and Answers Latest Version Already Passed
In North Carolina, which department regulates health insurance companies?✔✔ A. North Carolina Department of Insurance
- Department of Health
- Federal Reserve
- Department of Labor
What is a premium?✔✔ A. Regular payment to keep a policy active
- A deductible
- A co-payment
- An insurance claim
Which of the following is typically covered by a basic health insurance policy?
- Cosmetic surgery
✔✔ B. Doctor visits 1 / 4
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- Lottery tickets
- Life coverage
A co-pay is:
✔✔ A. A fixed amount paid at the time of service
- The monthly premium
- A discount code
- The total cost of surgery
Which plan allows out-of-network services but at higher cost?
✔✔ A. PPO
B. HMO
C. POS
- Medicaid
Which policy type focuses on catastrophic medical expenses with high deductibles?✔✔ A. Major medical
- Basic care 2 / 4
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- Short-term care
- Limited benefit policy
In NC, how long is the grace period for individual health insurance policies after a missed premium payment?✔✔ A. 10 days
- 1 day
- 30 days
- 60 days
Who can sell health insurance in North Carolina?✔✔ A. A licensed producer
- A hospital receptionist
- A school nurse
- A credit union worker
What is coinsurance in a health insurance policy?✔✔ A. Shared cost between the insurer and the policyholder 3 / 4
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- Penalty for smoking
- A late fee
- A monthly policy review
What does an HMO require for specialist visits?✔✔ A. Referral from primary care doctor
- Online registration
- Nothing special
- A police report
When does a health insurance policy become effective in NC?✔✔ A. On the date listed in the policy
- After 90 days
- After the first claim
- At the next tax season
A short-term health plan is best for someone who:
✔✔ A. Needs coverage for a few months
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