Social Security

Question 1

Fully insured individual qualify under Social Security coverage if

Answer 1

They have accrued a total of 40 quarters of credit

Question 2

Definition of disability

Answer 2

Can’t work gainfully; continuing for 12 months continuously leading to early death

Question 3

Blackout period

Answer 3

Timeframe where surviving spouse doesn’t have access to social security benefits

Question 4

Purpose of social security

Answer 4

Provides source of income for meaningful standard of living during retirement

Question 5

All of the following statements correctly, describe the purpose of Social Security except

Answer 5

It provides a source of income for a meaningful standard of living during retirement

Question 6

The monthly benefit for an individual disability income policy is usually limited to a percentage of the insured income in order to avoid

Answer 6

Over Insurance

Question 7

Medicare part A covers

Answer 7

Inpatient hospital stay for a maximum of 60 days, skilled nursing facility expenses with prior hospitalization for a maximum of 100 days, home healthcare for DME, aids and pt nursing, hospice care with no more than 5 day respite for usual caregivers

Question 8

The time limit for filing claim disputes his address in which provision of an accident and health policy

Answer 8

Legal actions