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Massachusetts Health And Accident Insurance Exam Questions and Answers New (2024/2025) Solved 100% Correct CA$11.49   Add to cart
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Massachusetts Health And Accident Insurance Exam Questions and Answers New (2024/2025) Solved 100% Correct
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Business Continuation Plans - Answer-continue the operation of the business in the event of a disabling sickness to a business owner or key employee Absolute Assignment v. Collateral Assignment - Answer-- absolute: a permanent and irrevocable transfer - collateral: a temporary and/or revocable t...

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  • August 2, 2024
  • 27
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • massachusetts health and accident insurance

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  • Massachusetts Health And Accident Insurance
  • Massachusetts Health And Accident Insurance

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Massachusetts Health And Accident Insurance Exam Business Continuation Plans - Answer -continue the operation of the business in the event of a disabling sickness to a business owner or key employee Absolute Assignment v. Collateral Assignment - Answer -- absolute: a permanent and irrevocable transfer - collateral: a temporary and/or revocable transfer of benefits (collateral for debt) Accidental Bodily Injury Provision - Answer -require RESULT of injury unexpected or accidental Accidental Death and Dismemberment Insurance - Answer -- covers fatal accident or dismemberment of accidental injury - pure accident coverage - provides a lump sum benefit Accidental Death and Dismemberment Insurance (AD&D) - Answer -Provides the insured with a lump -
sum benefit amount in the event of accidental death or dismemberment under accidental circumstances Accidental Death Benefit Rider - Answer -doubles the face amount of life insurance if death occurs as a result of an accident Accidental Means Provision - Answer -provision requires the CAUSE of injury be unexpected or accidental Activities of Daily Living - Answer -1. Personal Hygiene (Bathing, Grooming) 2. Dressing 3. Eating 4. Using a Restroom 5. Transferring (in and out of bed) All care is coordinated by... - Answer -...primary care physician All-Cause - Answer -meet deductible once during benefit period "No Gain No Loss" - Answer -a replacing policy pays for ongoing claims under the policy it replaces Ambulatory Care - Answer -health care consultation, treatment or intervention using advanced medical technology or procedures delivered on outpatient basis - handles; surgery, physicals, immunizations Annuity - Answer -Policy issued by an insurance company to promise you an income that can last you a lifetime Assignment Provision - Answer -the transfer of ownership in a life insurance policy (assignee) Aviation - Answer -the flying or operating of aircraft Basic Medical Expense Insurance - Answer -- "first dollar insurance" - benefits up front with no deductible \ - benefits lower than actual expenses incurred Basic Physicians Expense - Answer -- nonsurgical expense coverage - covers nonsurgical expenses physicians provide Basic Surgical Expense Coverage - Answer -cover cost of surgical services Benefit Period - Answer -maximum length of time disability income benefits will be paid (longer benefit = higher cost) - short term = 6 months to 2 years - long term = >2 years Blanket Health Plans - Answer - Blue Cross & Blue Shield - Answer -- service base rather than reimbursement - "subscribers" - prepaid plans - nonprofit Business Overhead Expense Insurance - Answer -- sold individually - designed to reimburse business for overhead expenses in the event a business owner becomes disabled (day to day operations) - does not include compensation for disabled owner - premiums are tax -deductible as insurance expense - benefits are taxable income Buyers Guide - Answer -provides general information about types of life insurance policies (HMO, PPO) Capital Sum - Answer -amount payable for accidental loss of sight or accidental dismemberment Change of Occupation Provision - Answer -disability from more hazardous job than stated on policy reduces benefit level COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) - Answer -federal law that guarantees a continuation of group coverage if terminated (unless misconduct)

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