Unit 12 intro to health insurance core content

What are the two perils that health insurance covers?

Accident and sickness

The affordable Care act eliminated pre-existing condition exclusions from what type of policies?

Medical expense policies

Are exclusions allowed for disability and long-term insurance policies?

Yes

Are pre-existing conditions allowed to be excluded from Medicare supplements and limited benefit policies?

Yes

What are the four different types of health insurance plans?

Hospital / medical expense coverage, disability income insurance, dental expense insurance, and long-term care.

Limited plans are characterized by what three aspects?

Limited perils, limited benefits, and a notice to insured.

Give three examples of a limited policy

Accident only

Dread disease

Critical illness

Hospital indemnity

Credit disability

Blanket coverage

Prescription drugs

Vision

Hearing

Short-term medical expense policies

True or false: hospital income / indemnity covers a hospital stay

False. Hospital indemnity is loose income while an insured is in the hospital. It can be used to help pay coinsurance on their medical expense policies or used to pay other bills

What will a vision care plan cover?

Eye exams, cost of lenses and frames, cost of contact lenses, other corrective items

True or false? Medical expense care plans will cover injury to the eyes but will not necessarily cover routine eye care

True

What are the circumstances not covered by health insurance

Intentional self harm

War or act of war

Cosmetic surgery unless it has to do with an accident

Workers compensation

Commission or attempted felony