PFM Chapter 15 Review

The outpatient portion of a policy covers treatment after you have been admitted to a hospital

• True

• False

Cosmetic surgery is a fully paid procedure by most insurance policies

• True

• False

Dental care is usually covered on a standard healthcare policy

• True

• False

Open enrollment is a specific time each year employees may sign up for employer health insurance

• True

• False

Some people buy health insurance through membership in a group

• True

• False

Exclusions are things not covered by your insurance policy

• True

• False

It is possible to leave your job and continue coverage under your previous employers insurance

• True

• False

Term life insurance has a cash value

• True

• False

Permanent life insurance provides a death benefit plus a savings plan

• True

• False

Group insurance is less expensive because of the large number of people in the plan

• True

• False