Health And Accident Chapter Exam Flashcards
Which of the following statements best describes how a policy that uses the accidental bodily injury definition of an accident differed from one that uses the accidental means definition?
Less restrictive
Under HIPAA, prior “creditable” coverage includes health insurance coverage provided by all of the following except?
Short term disability income insurance
Which type of policy would pay an employees salary of the employer was injured in a bicycle accident and out of work for six weeks?
Business over head expense
How would a contingent beneficiary receive the policy proceeds in an accidental death and dismemberment (AD&D) policy?
If the primary beneficiary dies before the insured
Reimbursement of benefits for the treatment of a beneficiaries injuries caused by a third party?
Subrogation
Circumstances is a business disability but sell policy designed to help in sale of a business?
Business owner becomes disabled
Does not accuracy describe the tax treatment of premiums and benefits of individual accident and health insurance?
Disability income policy, premiums are tax-deductible
Under HIPAA if a person with 9months of prior creditable coverage under their prior group health insurance plan terminated employment and enrolled in the group health insurance plan of their new employer within 63 days, they could be subject to a new probationary period not to exceed?
3months
All students attending a large university could be covered by?
A blanket policy
The benefits under a disability buyout policy are?
Payable to the company or another shareholder
The provision in a group health policy that allows the insurer to postpone coverage for a covered illness 30days after the policy’s effective date is referred to as the?
Waiting period
The federal income tax treatment of employer provides group health insurance can be accurately described as?
Employee is tax deductible
Best describes a contingent beneficiary?
Person designated by the insured to receive policy proceeds in the event that the primary beneficiary does before the insured
Which statement is true regarding a group accident and health policy issued to an employer?
The employer is the policy owner and each employee receives cert coverage
What is issues to each employee of an employee health plan?
Certificate
