Insurance Unit Test

Medicaid is the United States health program for families and individuals with low income.

• True

• False

The insurance company decides who receives the benefits of your policy

• True

• False

Occupational disability covers if you get hurt and can’t do the career that you are doing presently.

• True

• False

COBRA allows you to keep your insurance between jobs.

• True

• False

Your age, your driving record, your type of car, and where you live all affect your car insurance rates.

• True

• False

A Preferred Provider Organization (PPO) requires you to get a referral from a primary care physician before getting care from a physician specialist in the network.

• True

• False

Long-term care insurance helps provide for those that are unable to perform the basic activities of daily living (ADLs).

• True

• False

You should be able to cover short-term disability with your emergency fund, so it is recommended to only purchase long-term disability.

• True

• False

The purpose of insurance is to transfer risk.

• True

• False

What can you do to decrease the cost of insurance policies?

• Raise the deductible

• Shop around for rates

• Take advantage of applicable discounts

• All of the above