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rmi 3011 exam 3 RMI 3011 Florida State University -Question and answers already passed
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rmi 3011 exam 3 RMI 3011 Florida State University -Question and answers already passed which of the following is a reason that social insurance programs exist? - correct answer to provide a base of economic security which of the following statements about participation in the social security ...

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  • November 30, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • rmi 3011 exam 3
  • rmi 3011 exam 3 question and answers already passe
  • rmi 3011 exam 3 rmi 3011 florida state university

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rmi 3011 exam 3 Question and answers
already passed
which of the following is a reason that social insurance programs exist? -
correct answer ✔to provide a base of economic security


which of the following statements about participation in the social security
program is true?


I. Most private sector employees are covered under the social security
program
II. Each employee has the right to "opt out" of the social security program if
the employee does not wish to participate in the program - correct answer ✔I
only


As of this year, Brad, age 50, has 40 credits under the Social Security
program. These credits were all earned in the last 10 years. What is Brad's
insured status under the program? - correct answer ✔he is currently and fully
insured


which of the following expenses is covered under the medical insurance (part
b) portion of the medicare program? - correct answer ✔the fee charged by a
surgeon for an operation


Which of the following statements about hospice benefits under the hospital
insurance (Part A) portion of medicare is true?
I. To become eligible for hospice care, a patient must first receive impatient
care for at least 10 consecutive day.
II. Hospice benefits are provided to persons who are terminally ill. - correct
answer ✔II only

, In order to receive unemployment insurance benefits, an unemployed worker
must meet all of the following eligibility requirements EXCEPT - correct
answer ✔satisfy a six month waiting period


Which of the following is a current problem with workers compensation
programs? - correct answer ✔overuse of opiate prescription drugs in workers
compensation/


Marion owns substantial financial assets. She was surprised that she qualified
for Social Security retirement benefits when she retired because of her high
investment income. What characteristic of social insurance programs is
Marion overlooking with respect to her Social Security retirement benefits? -
correct answer ✔social insurance benefits are not means tested


Frank is doing some life insurance planning. A financial advisor said, "be sure
to consider Social Security when examining sources of funds available for
family support if you die." The financial advisor was referring to which Social
Security benefit? - correct answer ✔survivor benefits


EFG Company experienced a reduced demand for its products during a
recession. EFG managers were considering laying off some workers when the
personnel director said, "Let's not lay off these workers. If we do, our
unemployment insurance premiums will increase. The state considers
employment stability when determining our premium." Considering the firm's
employment record when determining the rate to charge for unemployment
insurance is called - correct answer ✔experience rating


Which of the following statements about group insurance is true? - correct
answer ✔the actual experience of a large group is a factor in determining the
premium that is charged

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