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ABA CTFA Practice Test - Questions Answers, Page 39

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Question 381

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Many young people receive health insurance benefits through their parents. Which of the following statements is true about health insurance coverage?

A.
Young people don't need health insurance because they are so healthy
A.
Young people don't need health insurance because they are so healthy
Answers
B.
You continue to be covered by your parents' insurance as long as you live at home, regardless of your age
B.
You continue to be covered by your parents' insurance as long as you live at home, regardless of your age
Answers
C.
You are covered by your parents' insurance until you marry, regardless of your age
C.
You are covered by your parents' insurance until you marry, regardless of your age
Answers
D.
If your parents become unemployed, your insurance coverage may stop, regardless of your age
D.
If your parents become unemployed, your insurance coverage may stop, regardless of your age
Answers
Suggested answer: D
asked 16/09/2024
Yan Wei
35 questions

Question 382

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If your credit card is stolen and the thief runs up a total debt of $1,000, but you notify the issuer of the card as soon as you discover it is missing, what is the maximum amount that you can be forced to pay according to federal law?

A.
Nothing
A.
Nothing
Answers
B.
$50
B.
$50
Answers
C.
$500
C.
$500
Answers
D.
$1000
D.
$1000
Answers
Suggested answer: B
asked 16/09/2024
charles ratchagaraj
37 questions

Question 383

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Kelly and Pete just had a baby. They received money as baby gifts and want to put it away for the baby's education. Which of the following tends to have the highest growth over periods of time as long as 18 years?

A.
A U.S. government savings bond
A.
A U.S. government savings bond
Answers
B.
A savings account
B.
A savings account
Answers
C.
A checking account
C.
A checking account
Answers
D.
Stocks
D.
Stocks
Answers
Suggested answer: D
asked 16/09/2024
han wu
40 questions

Question 384

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Maria worked her way through college earning $20,000 per year. After graduation, her first job pays $40,000. The total dollar amount Maria will have to pay in federal income taxes in her new job will:

A.
Stay the same as when she was in college
A.
Stay the same as when she was in college
Answers
B.
Be lower than when she was in college
B.
Be lower than when she was in college
Answers
C.
Double, at least, from when she was in college
C.
Double, at least, from when she was in college
Answers
D.
Go up a little from when she was in college
D.
Go up a little from when she was in college
Answers
Suggested answer: C
asked 16/09/2024
Trevore Agee
25 questions

Question 385

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A voluntary program under Medicare that provides payments for services not covered under basic hospital insurance is called:

A.
Supplementary medical insurance
A.
Supplementary medical insurance
Answers
B.
Medicare
B.
Medicare
Answers
C.
National health care
C.
National health care
Answers
D.
Blue cross
D.
Blue cross
Answers
Suggested answer: A
asked 16/09/2024
Martin Gucký
51 questions

Question 386

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Prescription drug coverage is:

A.
A voluntary program
A.
A voluntary program
Answers
B.
A state-run public assisted program
B.
A state-run public assisted program
Answers
C.
Needs co-payments and co-insurances
C.
Needs co-payments and co-insurances
Answers
D.
Both A and C are correct
D.
Both A and C are correct
Answers
Suggested answer: A
asked 16/09/2024
Robin Koele
34 questions

Question 387

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A universal life insurance provides two types of death protections, i.e. Type A and B. As with any insurance policy, universal life insurance has its own pros and cons. There are two principle advantages. Which of the followings is/are out of those advantages?

A.
Flexibility
A.
Flexibility
Answers
B.
Flexibility and savings feature
B.
Flexibility and savings feature
Answers
C.
Flexibility and variability
C.
Flexibility and variability
Answers
D.
Variability and savings feature
D.
Variability and savings feature
Answers
Suggested answer: B
asked 16/09/2024
Miles Greenyer
40 questions

Question 388

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It is an insurance plan designed to supplement the basic coverage of hospitalization, surgical and physician expenses; used to finance more catastrophic medical costs. What is it?

A.
Major medical plan
A.
Major medical plan
Answers
B.
Covered medical services
B.
Covered medical services
Answers
C.
Comprehensive major medical insurance
C.
Comprehensive major medical insurance
Answers
D.
None of these
D.
None of these
Answers
Suggested answer: A
asked 16/09/2024
Sana Mehak
40 questions

Question 389

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______________ is a health insurance plan that combines into a single policy the coverage for basic hospitalization, surgical, and physician expenses along with major medical protection.

A.
Major medical plan
A.
Major medical plan
Answers
B.
Covered medical services
B.
Covered medical services
Answers
C.
Comprehensive major medical insurance
C.
Comprehensive major medical insurance
Answers
D.
None of these
D.
None of these
Answers
Suggested answer: C
asked 16/09/2024
Tolga Kesici
48 questions

Question 390

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Most of the major types of health plans are sufficient to meet the protection needs of most individuals and families. But, insurance companies offer other options that provide limited protection against certain types of perils. Which one of the following is the example of those limited types of protections?

A.
Accident protection
A.
Accident protection
Answers
B.
Home income policies
B.
Home income policies
Answers
C.
Comprehensive medical insurance
C.
Comprehensive medical insurance
Answers
D.
Both A and B
D.
Both A and B
Answers
Suggested answer: D
asked 16/09/2024
Azwihangwisi Ntikane
38 questions
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