Selection and enrollment - Study guides, Class notes & Summaries

AHIP Module 5 Practice Exam Questions and Answers 100% Pass Mrs. Reeves is newly eligible to enroll in a Medicare Advantage plan and her MA Initial Coverage Election Period (ICEP) has just begun. Which of the following can she not do during the ICEP? - Correct Answer ️️ -She can enroll in a Medigap plan to supplement the benefits of the MA plan that she's also enrolling in. Mr. Chen is enrolled in his employer's group health plan and will be retiring soon. He would like to know his ...

ACA's guaranteed availability of insurance raise concerns of adverse selection, why? - ANSWERWith the guaranteed availability of insurance, consumers who are most in need of health care may be more likely to purchase insurance. Such an outcome would create an adverse selection problem. It could lead to higher average premiums, thereby disrupting the insurance market and undermining the goals of reform. Uncertainty about the health status of enrollees could also make insurers cautious abou...

Pa Laws and Rules Questions and Answers Already Passed A Producer that willfully violates any provision of Pennsylvania insurance law may be imposed to a max penalty set by the commissioner at 5k per violation Holding premium funds for timely submission to the insurer is example of Acting in a fiduciary capacity Within how many days must a producer report to the commissioner any changes made against him 30 In Pennsylvania, what's the requirements for a minor to receive proceed...

Xcel Final Exam 2024 Typically, Long-Term Disability benefits are coordinated with which benefit plan? - Answer ️️ -Social Security The focus of major medical insurance is providing coverage for - Answer ️️ -medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - Answer ️️ -$200 because this policy has a zero deductib...

Xcel Final Exam Comprehensive of Life and Health Insurance Typically, Long-Term Disability benefits are coordinated with which benefit plan? - Social Security The focus of major medical insurance is providing coverage for - medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - $200 because this policy has a zero deduc...

Making a statement that is false or maliciously critical of the financial condition of an insurer is known as - Answer-defamation Which of the following statements regarding an examination of an insurer's books and records by the Commissioner is true? - An insurer has a right to delay an examination by the Commissioner for a period of not more than 15 days after notification -The insurer must not impede an examination and is required to assist in the examination procedures -Reports relat...

who is not eligible for social security survivor benefits? A. Full-time students under the age of 19 B. A deceased worker's dependent parents of any age C. A widow at any age who is caring for children younger than 16 D. A widow at full retirement age - A deceased worker's dependent parents of any age (must be at least 62 years old) what does the group life underwriting risk selection process help protect insurance companies from? - adverse selection The open enrollment period for Medi...

KY Life Insurance Exam Questions and Answers 2024 Verified whether an insurable interest exists between the individuals - CORRECT ANSWER-if an applicant for a life insurance policy and person to be insured by the policy are two different people, the underwriter would be concerned about what pay a reduced death benefit - CORRECT ANSWER-an insured has had a life insurance policy that he purchased 3 years ago when he was forty years old. he is killed in an automobile accident and it is ...

Xcel Final Exam Questions And Answers 100% Verified. Typically, Long-Term Disability benefits are coordinated with which benefit plan? - correct answer. Social Security The focus of major medical insurance is providing coverage for - correct answer. medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - correct answer...