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NJ Health Insurance Exam 2024/2025 Questions And Answers
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NJ Health Insurance Exam 2024/2025 Questions And Answers
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NJ Health Insurance Exam 2024/2025NJ Health Insurance Exam 2024/2025
Questions And Answers
Total disability definition can
vary among policies and companies
Permanent partial disability would be covered by
residual disability
An agent discussing disability income coverage with an individual who has
recently finished college and started with an entry level job. What rider should the
agent recommend for the client?
Guaranteed insurability rider
Allows you to purchase additional disability income insurance in the future without
having to prove insurability
Example of a presumptive disability
Nancy was completely blinded and will not recover her sight
,NJ Health Insurance Exam 2024/2025
Presumptive (catastrophic) disability
-often written with a disability policy
-disability of the insured will be presumed to be Total & Permanent upon loss of
sight, loss of the use of 2+ limbs, loss of hearing, loss of speech
How do Disability Income policies differ?
-Whether or not coverage is provided in addition to Worker's Comp
-The length of the elimination period
-How "Total Disability" is defined
An individual who has had a heart murmur since birth is likely to be issued a
policy that includes
An impairment rider
Impairment rider (exclusion rider)
Takes away coverage for a specified medical condition (diabetes or epilepsy)
, NJ Health Insurance Exam 2024/2025
Before Mr. Jones was disabled, he was a full-time engineer earning about $70,000
annually. Now, two years later he is able to work part-time, earning about $25,000
annually.
It is Likely that Mr. Jones is classified as
partially disabled
What is the purpose of the elimination period?
It specifies the number of days between which disability benefits will be paid
Under NJ minimum standards for individual health insurance policies, a
probationary period for "sickness" may not exceed
30 days
Recurrent disability
recurs due to the same benefit or related cause of loss within 6 months of the back
to work date, no elimination period upon recurrence
Basic Hospital Plan covers
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