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RMI 3011 - Final Exam (FSU) RMI 3011 Florida State University -Question and answers rated A+ $13.49   Add to cart
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RMI 3011 - Final Exam (FSU) RMI 3011 Florida State University -Question and answers rated A+
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RMI 3011 - Final Exam (FSU) RMI 3011 Florida State University -Question and answers rated A+ Medical Expense Insurance - correct answer Protects and individual or family for covered medical expenses because of illness or injury Out-of-Pocket Maximum Limits - correct answer 100% of covered m...

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Document information

  • November 30, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • rmi 3011 final exam fsu
  • rmi 3011 final exam fsu question and answers r
  • rmi 3011 final exam fsu rmi 3011 florida state

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RMI 3011 - Final Exam (FSU) Question
and answers rated A+
Medical Expense Insurance - correct answer ✔Protects and individual or
family for covered medical expenses because of illness or injury


Out-of-Pocket Maximum Limits - correct answer ✔100% of covered medical
expenses in excess of the deductible are paid after the insured pays a certain
amount out-of-pocket


(Health Insurance)


Coinsurance - correct answer ✔Percentage of the bill in excess of the
deductible, which the insured must pay out-of-pocket up to some maximum
annual dollar limit


Count towards deductible and out-of-pocket maximum


(Health Insurance)


What is the purpose of Coinsurance Provision in health? - correct answer
✔Prevents Over-Utilization of Policy Benefits


Copayment - correct answer ✔A flat amount that the insured must pay for
certain benefits at each visit or type of visit


Does not count towards deductible but does count toward out of pocket
maximum

, (Health Insurance)


Individual Market - correct answer ✔Health insurance is purchased through
state healthcare exchange


Group Market - correct answer ✔Health insurance is purchased through
employer


Social Insurance - correct answer ✔Health insurance is sponsored by
government


Individual Medical Expense Insurance Plan - correct answer ✔Protects an
individual or family for covered medical expenses because of sickness and
injury


No Lifetime Limits or Annual Limits


Comprehensive plans


Available through healthcare exchanges


Social Security Amendments of 1965 - correct answer ✔Created Medicare
and Medicaid


Federal Insurance Contributions Act (FICA) Tax - correct answer ✔Funds
medicare

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