Health, Disability, and Life Insurance

What type of insurance pays a portion of income lost to a worker who is unable to work for a prolonged period due to illness or injury?

• endowment insurance

• long-term care (LTC) insurance

• disability insurance

• supplemental insurance

Which type of life insurance pays the value of the insured person if he or she lives beyond the term of the insurance policy?

• whole life insurance

• limited-payment life insurance

• term life insurance

• endowment insurance

An insurance company performs a(n)_____ to examine request for medical treatments to make sure they are truly needed by the patient.

• utilization review

• preauthorization

• exclusion

• shared responsibility review

A government-sponsored price-comparison website where customers can show for health care plans is called the _____.

• COBRA

• health insurance exchange

• point-of-service plan

• preauthorization

Which type of plan pays for covered medical services after treatment is provided on a fee-for-service basis?

• managed care

• health maintenance organization ( HMO)

• Medicaid

• indemnity

What type of insurance provides coverage for personal and custodial care during periods of time when an individual is unable to perform essential daily living activities?

• managed care

• long-term care (LTC)

• health maintenance organization (HMO)

• shared responsiblity care

Health insurance that typically covers the costs of serious illnesses, injuries, and high-cost procedures is ______.

• regular medical

• major medical

• comprehensive medical

• Medicare

Some insurance plans require an approval called a(n) _____ before receiving certain types of medical care.

• preauthorization

• utilization review

• preexisting condition

• exemption

Cancer insurance and long-term care (LTC) insurance are two examples of _______.

• Medigap coverage

• shared responsibility payments

• supplemental insurance

• maximum benefits

Health insurance that covers prescriptions, hospitals stays, and inpatient test is ________.

• regular medical

• major medical

• comprehensive medical

• Medicare