[34763] The Need for Life Insurance, Medicare & Cafeteria Plans” Examination

The “needs” approach to life insurance consists of:

As a rule, a surviving spouse is eligible for Social Security benefits until the youngest child reaches age:

It has been said that the most costly fixed expense in the American household is:

If you use permanent insurance to purchase mortgage protection, while the mortgage is decreasing, the permanent insurance:

So long as an individual pays Social Security taxes for most of their working life, Social Security provides that:

A clean-up fund should:

The following person is the only one that can change an irrevocable beneficiary:

Purchasing term insurance allows the client to obtain a substantial amount of protection at:

Double indemnity will pay ___ the basic benefit in the event of loss resulting from specified causes or under specified circumstances.

Life insurance written on a child is often referred to as:

Proper insurance planning requires that a professional insurance agent:

Currently, the maximum base earnings subject to Medicare is:

Medicare pays for hospital care if the patient meets four (4) conditions. Which of the following is NOT one of the four:

Hospice care provides the following benefit periods for a terminally ill patient:

The grace period in a life policy is the time beyond the due date you are permitted to:

The additional premium for Part B benefits is:

Medicare goes into effect at age 65:

Medicare’s annual deductible for hospitalization:

One pair of eyeglasses is provided under Medicare:

A Social Security disability beneficiary is covered under Medicare after entitlement to disability benefits for ___ months or more.

Employers must offer employees age 65 or older the same health benefits offered to younger employees. Therefore, if there is a claim under the group policy at work, Medicare will:

Medicare is a federal health insurance program for all of the following EXCEPT:

Under Part A, which of the following statements is CORRECT concerning hospital insurance:

The cost of psychiatric treatment outside a hospital for mental, psychoneurotic, and personality disorders is covered. However, co-insurance is:

Under the “Use It or Lose It” rule, all account balances in cafeteria plans must be:

The only rule for eligibility in a cafeteria plan is that one can be required to complete more than ___ year(s) of employment in order to participate.

Regarding anti-discrimination, cafeteria plans may not discriminate in favor of:

At least ___ of those eligible to join a cafeteria plan must be non-highly compensated employees.

Medicare will pay for skilled nursing care at 100% of the approved charges for the first ___ days.

Which of the following is NOT one of the three mandated government programs:

After 20 days in a nursing home, there is additional coverage for another ___ days during which time the patient pays a co-insurance.

Benefits for psychiatric hospital care are subject to a lifetime limit of ___ days.

Medicare does not cover which of the following:

Part A of Medicare is described as:

Part B of Medicare is described as:

The per-day cost to the patient from the 60th to the 90th day is ___ of the deductible.

The 60-day lifetime reserve days requires the patient to pay ___ of the deductible per day.

A persons initial enrollment period is a ___ month period beginning on the first day of the third month before the age of 65 is attained.

While money pays for life insurance coverage, it is the insured’s _______ that allows it to be purchased.

Medicare provides for ___ pair of eyeglasses following cataract surgery.