Kentucky health insurance - Study guides, Class notes & Summaries

Kentucky Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A Q: Medicare is funded mostly by 1. Nonprofit organizations. 2. Insureds. 3. Federal taxes. 4. State taxes. Answer: Federal Taxes Q: Under a health insurance policy, benefits, other than death benefits, that have not otherwise been assigned, will be paid to 1. The spouse of the insured. 2. The insured. 3. Creditors. 4. Beneficiary of the death benefit. Answer: ...

Federal requirements - Answer-by means of the health maintenance act of 1973, Congress strongly supported the growth of health maintenance organizations in this country. The act force employers with more than 25 employees to offer HMO as an alternative to their regular health plans. (The part of the act requiring dual Choice has expired and has not been reenacted) The HMO provides benefits in the form of services rather than in the form of reimbursement for the services of the position or hos...

Kentucky Health Insurance Exam Prep | Questions and Verified Answers| 100 % Correct| Grade A (Latest 2024/ 2025 Update) Q: Premium payments for personally-owned disability income policies are... A. Tax deductible to the extent that they exceed 10% of the adjusted gross income of those itemizing deductions. B. When the premiums and other unreimbursed medical expenses exceed 5% of the employee's adjusted gross income. D. An employee's group medical benefits are generally exempt from taxatio...

The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy become effective? A. as of the application date B. As of the policy delivery date C. As of the first of the month after the policy issue date D. As of the policy issue date - Answer-A. As of the application date All of the following are true about group disability income insurance EXCEPT: A. The waiting period starts at the onset of the injury...

Kentucky Health Insurance Exam COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ The primary eligibility requirement for Medicaid Benefits is based upon? A. Whether the claimant is insurable on the private market B. Age C. Number of Dependents D. Need - CORRECT ANSWER D. Need Medicaid is provided to those in need. If a mother delivers her baby through a C-section, the minimum hospital stay is A. 24 hours B. 48 hours C. 96 hours D. 120 h...

Kentucky Health Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The Medical Information Bureau (MIB) was created to protect 1. Insureds from unreasonable underwriting requirements by the insurance companies. 2. Medical examiners that perform insurance physical examinations. 3. Insurance companies from adverse selection by high risk persons. 4. Insurance departments from lawsuits by policyowners. Answer: Insurance compa- n...

Kentucky Health Insurance Exam Study Latest Update 100% Pass The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy become effective? A. as of the application date B. As of the policy delivery date C. As of the first of the month after the policy issue date D. As of the policy issue date A. As of the application date All of the following are true about group disability income insurance EXCEPT: A. Th...

Kentucky Health Insurance License (Mostly Complete) Questions and Answers 100% Solved Sean has renewed his health insurance policy with Ability Insurance every year for the past 3 years. At this renewal, Sean received an extra payment from his insurer as a reward for renewing his policy and to encourage him to renew his policy again next year. What is this extra amount called? 1. An endorsement 2. An accumulation 3. A supplemental benefit 4. An additional benefit An accumulation When an indivi...

risk - answer-chance of loss peril - answer-cause of loss elements of risk - answer-due to chance, definite and measureable, predictable, not catastrophic, large loss exposure, insurance cannot be mandatory. medical expense policy - answer-covers hospital and medical expenses of a covered illness/injury. disability income - answer-pays income when a person misses work due to injury or illness accidental bodily injury - answer-unforseen and unintended in jury that results from an a...