Exam (elaborations)
Webce life health florida exam
- Course
- Institution
Webce life health florida exam
[Show more]
Content preview
Webce test exam (actualexam)questions,answers 2024 – 2025
which finances health care costs without being tied to a high deductible insurance
plan?
-HSA
-MSA
-IRA
-FSA flexible spending account - ANSWERS-flexible spending accounts (FSA)
which of the following options must be offered to all long-term care
policyowners?
-waiver of pre-existing conditions clause
-inflation protection
-guaranteed benefits clause
,-replacement protection - ANSWERS-inflation protection must be offered to all
LTC policyowners
alpha co pays the premiums for its group medical, dental, disability, and LTC
insurance plans. which statement is correct about the income tax consequences?
-The premiums for all of the policies are taxable income to the employees.
-The premiums are deductible income to the employees
-alpha can take income tax deductions for all the premiums it pays on its policies
-Alpha can take an income tax deduction only for the premiums it pays for its
medical plans. - ANSWERS-alpha can take an income tax deduction for all of the
premiums it pays on its policies
which is not an optional health policy provision issued in PA? - ANSWERS-change
of beneficiary
insured retains the right to change the beneficiary
core benefits that must be covered in all 10 standard medicare supplment policies
include which of the following:
-part A coinsurance
-Medicare Part B deductible
-part B coinsurance after the deductible is met
,-parts A and B blood coverage for the first 3 pints a year - ANSWERS-part A
coinsurance
part B coinsurance after the deductible is met
parts A and B blood coverage for the first 3 pints a year
a group health policy in PA can exclude coverage for preexisting conditions for no
longer than - ANSWERS-12 months after the enrollment date
Jons disability income policy provides that benefits will be reduced once he
reaches age 62. at this point, his benefits must be equal to what amount that was
payable before age 62? - ANSWERS-50%
sam spends 182 days in the hospital. at what point in her hospital stay will
medicare part A no longer pay any benefits unless she draws from her lifetime
savings reserve? - ANSWERS-after 90 days
max benefit period under part A is 90 days
what is the period of time that must pass before benefits begin under a new
disability income policy? - ANSWERS-probationary period
, which of the following is NOT a remedy available to the PA commissioner of
insurance for committing an unfair method of competition?
-imprisonment
-cease and desist order
-suspension of license
-revocation of license - ANSWERS-imprisonment is not a punishment for
committing an unfair method of competition
you cannot be arrested for committing an unfair method of competition
which of the following is NOT an unfair claims settlement practice if committed by
an insurance company in PA?
-failing to promptly acknowledge communications about claims
-failing to promptly settle a claim for which liability is uncertain
-appealing from an arbitration award in favor of an insured to compel the insured
to accept a lower settlement
-failing to affirm or deny coverage within a reasonable time after completing a
claim investigation - ANSWERS-ailing to promptly settle a claim for which liability
is uncertain is NOT an unfair claims settlement practice
Jeff is a licensed insurance producer in both PA and NY. he is charged with
embezzlement in NY, and his first pretrial hearing is set for March 1. He must
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseLNJ. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now