What type of health insurance plan does t have?
Which of the following statements does NOT accurately describe the tax treatment of premiums and benefits of individual Accident and Health insurance? Business Overhead Expense Many …
Are premium premiums paid for Disability Income Policies Tax-deductible?
Which of the following statements does not accurately describe the tax treatment of premiums and benefits of individual accident and health insurance? ... must be eligible for Social Security …
What is the federal income tax treatment of employer provided group insurance?
Which of the following statements does not accurately describe guaranteed payment to a partner. a guaranteed payments are subject to self employment tax. b guaranteed payments …
Who pays the entire premium for the group health plan?
Disability income policy premiums are tax-deductible. The federal income tax treatment of employer-provided group health insurance can be accurately described as. Employee's …
Which of these statements is incorrect regarding a preferred provider organization PPO?
Which of these statements is INCORRECT regarding a Preferred Provider Organization (PPO)? PPO's ARE considered to be a managed health care system. The correct answer is "below a specific income limit". Medicaid was enacted to provide medical assistance to those whose income is below a specific limit.
Which of the following is the reimbursement of benefits for the treatment of a beneficiary injuries?
Which of the following is the reimbursement of benefits for the treatment of a beneficiary's injuries caused by a third party? "Subrogation". Subrogation is the right for an insurer to pursue a third party that caused an insurance loss to the insured.
Which of the following statements describes the purpose of the insuring clause in health and accident policies?
Which of the following statements describes the purpose of the Insuring clause in Health and Accident policies? States the scope and limits of the coverage.
Which statement is correct regarding the premium Payment schedule for whole life policies quizlet?
Which statement is correct regarding the premium payment schedule for whole life policies? Premiums are payable throughout the insured's lifetime/ coverage last until death of the insured.
Which of these types of policies may not have the automatic premium loan provision attached to it?
The automatic premium loan is available on whole life insurance policies. Because universal life policies will always deduct policy expenses from available cash value, they do not have an automatic premium loan feature.
Which of the following claims are typically excluded from medical expense policies?
Intentionally self-inflicted injuries are typically excluded by Medical Expense policies.
Which of these statements accurately describes the waiver of premium provision in an accident health policy?
Which of these statements accurately describes the Waiver of Premium provision in an Accident and Health policy? (Correct.) The Waiver of Premium provision waives the payment of premiums after the insured has been totally disabled for a specified period of time.
Which of the following is correct regarding taxation of life insurance premiums?
The correct answer is: Premiums are paid with after-tax dollars; proceeds received in a lump-sum are received tax-free; proceeds received in installments are taxable only to the extent of interest earned. Erin bought a $100,000 whole life insurance policy.
Which of the following statements describes an insurable interest?
The correct answer is (b) An insurable interest must exist when the policy is issued and when any loss occurs.
Which of the following policies is characterized by a flexible premium and death benefit?
Universal life insuranceUniversal life insurance is essentially a term policy with cash value, characterized by flexible premiums and an adjustable death benefit. Part of the premium goes into an investment account that grows and earns interest. You are able to borrow or withdraw your cash value.
Which of the following types of policies pays a benefits if the insured goes blind?
Accidental Death and Dismemberment Insurance. Also known as AD&D, this type of insurance pays out if the insured dies, becomes blind or is dismembered (loses a limb) in a covered accident.
What kind of premium does a whole life policy?
Whole life insurance policies have a fixed premium, meaning you need to pay the same amount each year. Whole life insurance also provides steady, fixed growth on your cash value.
What is T covered by?
T is covered by two health insurance plans: a group plan through his employer and his spouse's plan as a dependent. When T submits a claim, his employer's plan is considered what type of carrier under the Model Group Coordination of Benefits provision?
Does XYZ pay for health insurance?
XYZ Company pays the entire premium for its group health plan. The MINIMUM percentage of eligible employees that must be covered is
Who is the primary beneficiary of Q's Accidental Death and Dismemberment policy?
P and Q are married and have three children. P is the primary beneficiary on Q's Accidental Death and Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q, and R are involved in a car accident and Q and R are killed instantly. The Accidental Death benefits will be paid to:
Is T covered by health insurance?
T is covered by two health insurance plans: a group plan through his employer and his spouse's plan as a dependent. Under the Model Group Coordination of Benefits provision, when T files a claim, his employer's plan is considered the:
Does XYZ pay for health insurance?
XYZ Company pays the entire premium for its group health plan. The MINIMUM percentage of eligible employees that must be covered is: