Insurance

Question 1

Medicare Part A

Answer 1

Admitted to hospital, care faclilty, skilled nursing, hospice

Question 2

Medicare Part B

Answer 2

Health ins stuff, 20% coinsurance, no cap, premium$, dr & dr drugs, tests, outpatient, home health

Question 3

Skilled nursing care - medicare pays

Answer 3

1-20 all medicare, 21-100 over deductible, 100+ nothing

Question 4

HSA penalty

Answer 4

0.2

Question 5

FSA limit

Answer 5

3200

Question 6

Dependent care FSA reqs

Answer 6

both work, spouse >$5000 or spouse income

Question 7

LTC deductible?

Answer 7

yes, over 7.5% AGI

Question 8

Dividend options

Answer 8

cash, lower prem, accum+int, pd up additions, 1-yr term/5th div

Question 9

MEC dividends taxed?

Answer 9

yes unless pd up additions

Question 10

transfer for value exceptions

Answer 10

self, partner/ship, corp shareholder, divorce

Question 11

When is annuity subject to ordinary income tax (annually)?

Answer 11

when owned by non-person

Question 12

death benefit taxation

Answer 12

DB-$50k for W-2 BUT all DB for EE pd

Question 13

when does 3-year rule apply?

Answer 13

decedent=insured

Question 14

names for HO ins

Answer 14

basic, broad, special, tenant, comp, condo, mobile home, modified

Question 15

Auto ABCD

Answer 15

Liability, Medical, Uninsured, Damage

Question 16

Home I ABCD / II EF

Answer 16

Abode, Buildings, Contents, ‘Demnity, Enemies, First Aid