additional claims will be reimbursed at what level?
80%
90%
100%
George has a hospital indemnity plan that pays $100 per day while he is an inpatient. He was admitted to the hospital for five days. What benefit should he expect?
Nothing if he did not have surgery
$500
Walter has a major medical policy with a $500 deductible, 80/20 coinsurance and a $1,500 maximum out-of-pocket. His hospital bill is $6,500. How much will the insurance company pay?
$5,200
$1,500
$1,800
$4,800
In a basic hospital expense policy, the ancillary hospital charges are usually paid as follows:
Whatever is considered reasonable and customary
A multiple of the daily room and board rate
The death benefit for an Accidental Death and Dismemberment policy is referred to as which of the following?
Maximum benefit
Principal Sum
Jim participates in an employer paid disability income plan. He qualifies for and receives $6,500 in benefits. How much of these benefits must he include in his taxable income for that tax year?
He may exclude the first $100 per week of benefits
He has no tax due at all
Only the first 13 weeks is taxable
All is taxable, since the employer paid all of the premiums
Disability income benefits are paid tax-free to the insured on which of the following bases?
The employer pays the entire premium
It does not matter who pays the premium
The insured pays 100% of the premiums with after tax dollars
Kent is calculating his income tax. He is itemizing his deductions.

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