Understanding Health Insurance

Health & Kinesiology

Quiz 12 :

Commercial Insurance

Quiz 12 :

Commercial Insurance

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Which type of automobile insurance reimburses medical expenses for covered individuals, regardless of fault, for treatment due to an automobile accident?
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Answer:

D

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Third-party recovery standards for investigation of liability coverage and the process for filing a lien in a potential liability case vary on a federal and state basis. A lien is defined as __________.
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D

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Which is associated with "last resort" health insurance for individuals who cannot obtain coverage due to a serious medical condition?
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Answer:

B

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Which type of insurance covers losses to a third party caused by the insured, by an object owned by the insured, or on premises owned by the insured?
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Which type of automobile insurance pays for damage to a covered vehicle caused by hitting an object or being hit during an automobile accident?
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When the same payer issues the primary, secondary, or supplemental policies, the correct procedure for submitting the claim would be to submit __________.
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Group health insurance is available through employers and other organizations, and all or part of the premium costs are paid by employers. Employer-based group health insurance __________.
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Which type of insurance is a contract between an individual and an insurance company whereby the individual pays a premium and, in exchange, the insurance company agrees to pay for specific vehicle-related financial losses during the term of the policy?
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Which type of automobile insurance pays for accidental bodily injury and property damage to others, including medical expenses, pain and suffering, lost wages, and other special damages?
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The base period of a disability policy usually covers 12 months and is divided into four __________ quarters.
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Which is traditional fee-for-service health insurance that covers a portion of services, such as inpatient hospitalizations or physician office visits, with the patient paying the remaining costs?
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Which is offered to members and marketed to small business owners as a way to provide coverage to employees?
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Which type of insurance is defined as reimbursement for income lost as a result of a temporary or permanent illness or injury?
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Which includes health maintenance organizations and preferred provider organizations?
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Which type of automobile insurance pays for loss of or damage to a covered vehicle, such as that caused by fire, flood, hail, impact with an animal, theft, vandalism, or wind?
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If a patient is covered by two different policies, the usual procedure for submitting a claim would be __________.
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Which refers to the contractual right of a third-party payer to recover health care expenses from a liable party?
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Which type of health insurance covers the medical expenses of individuals (e.g., private health insurance) and groups (e.g., employer group health insurance)?
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