Exam FX Health Final Exam Questions and Answers Graded A

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Exam FX Health Final Exam Questions and Answers Graded A Basic Hospital Expense Coverage ✔✔Surgeon's fees are NOT covered under... Hospital expense policies ✔✔... cover hospital room and bo... ard, and miscellaneous hospital expenses, such as lab and x-ray charges, medicines, use of operating room and supplies, while the insured is confined in a hospital. The insured is not required to pay a deductible. ✔✔Which of the following best describes the "first-dollar coverage" principle in basic medical insurance? First-dollar coverage ✔✔Insurance plans that cover all basic medical spending, with little or no patient payment. Conversion factor ✔✔In a relative value system of determining coverage for a given procedure, what term describes the total amount payable per point? Hospital, Surgical, Medical ✔✔What are the three basic coverages for medical expense insurance? Medical expense insurance ✔✔Basic medical policies and major medical policies are commonly grouped into... Basic Medical Expense Coverage ✔✔Surgeon's services are NOT covered under what? 15-day waiting period/ 10-year benefit period ✔✔Which of the following disability income policies would have the highest premium? A deductible ✔✔A specified dollar amount that the insured must pay first before the insurance company will pay the policy benefits. The purpose of a deductible is to ✔✔Absorb the smaller claims, while the coverage provided under the policy will absorb the larger claims. The higher the rate is, the lower the premium is. 26 ✔✔The Patient Protection and Affordable Care Act mandates that insurers provide coverage for adult children of the insured up to the age of... [Show More]

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