Skip to main content

Section 13.3 Quiz

1
Section 13.3 Review

There are three types of deductibles under Major Medical Expense plans.

A(n) is a stated amount that the insured must pay before policy benefits become payable. A(n) is a fixed dollar amount per loss and applies in the transitional area between basic coverage and major medical expense coverage. A(n) works in conjunction with supplementary policies where whatever amount the basic medical expense covers is applied to the deductible.


Word bank: Corridor deductible, Flat deductible, Integrated deductible

A(n) Flat deductible is a stated amount that the insured must pay before policy benefits become payable. A(n) Corridor deductible is a fixed dollar amount per loss and applies in the transitional area between basic coverage and major medical expense coverage. A(n) Integrated deductible works in conjunction with supplementary policies where whatever amount the basic medical expense covers is applied to the deductible.

Lesson 13.3.1Check your answer

2

Preexisting condition clauses protect insurers from:

a)
b)
c)
d)
CORRECTTRY AGAIN (Lesson 13.3.3)Your answer has been saved.
Check your answer

3

For an individual, a qualified high-deductible health plan is one with a minimum deductible of ______. (2012)

a)
b)
c)
d)
CORRECTTRY AGAIN (Lesson 13.3.4)Your answer has been saved.
Check your answer

4

Nonqualified HSA withdrawals are subject to income taxes and a 10% penalty tax.

a)
b)
CORRECTTRY AGAIN (Lesson 13.3.4)Your answer has been saved.
Check your answer