Save Question 24 (2 points) The maximum annual deposit into a health savings acc

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Question 24 (2 points)

The maximum annual deposit into a health savings account is ____ for an individual and ____ for a family.

Question 24 options:

$1,000 / $5,000

$2,000 / $5,000

$3,300 / $6,550

$5,000 / $10,000

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Question 25 (2 points)

Both Medicare Part A and Part B pay 100 percent of covered expenses.

Question 25 options:

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Question 26 (2 points)

You might want to seek out disability income policies with a cost-of-living clause, which will increase your benefit amount to keep up with inflation.

Question 26 options:

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Question 27 (2 points)

Social Security disability income payments are available to covered workers who are either partially or totally disabled.

Question 27 options:

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Question 28 (2 points)

Traditional health insurance plans typically have ____ and ____ requirements that result in out-of-pocket costs for the insured.

Question 28 options:

deductibles; coinsurance

Medicare; Medicaid

HMOs; PPOs

POS; PSN

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Question 29 (2 points)

You can help yourself afford a longer benefit period under a long-term care insurance plan by selecting a longer

Question 29 options:

waiting period.

cost-of-living period.

recurring period.

Social Security period.

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Question 30 (2 points)

Medicare Part A

Question 30 options:

is a hospitalization program for persons over 65.

requires no premiums.

provides custodial care in a nursing home.

is a hospitalization program for persons over 65 and requires no premiums.

Explanation / Answer

Question 24 The maximum annual deposit into a health savings account is $ 1,000 for an individual and $ 5,000 for a family. Question 25 Both Medicare Part A and Part B pay 100 percent of covered expenses - The statement is FALSE. Question 26 You might want to seek out disability income policies with a cost-of-living clause, which will increase your benefit amount to keep up with inflation. The statement is TRUE. Question 27 Social Security disability income payments are available to covered workers who are either partially or totally disabled. - The statement is TRUE. Question 28 Traditional health insurance plans typically have medicare and medicaid requirements that result in out-of-pocket costs for the insured. Question 29 You can help yourself afford a longer benefit period under a long-term care insurance plan by selecting a longer recurring period. Question 30 Medicare Part A is a hospitalization program for persons over 65 and requires no premiums.

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