With a defined benefit plan, the employee knows just how much his or her retirement benefits is costing the employer. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Dental insurance generally covers A) only dental surgery. B) the cost of preventive care with co-insurance on nonroutine dental work. C) all dental care with little or no deductibles. D) only nonpreventive dental care such as filling cavities. ANSWER B
Date: September 19th, 2020
Specific disease and accident insurance policies are usually A) good buys, providing specific coverage at a low cost. B) expensive but desirable components of your health care coverage. C) poor buys, duplicating coverage provided by more necessary comprehensive insurance. D) recommended by financial planners for those with low incomes. ANSWER C
Date: September 19th, 2020
Under a traditional comprehensive health insurance, long-term care coverage typically includes A) only custodial care. B) only non-skilled nursing care. C) only skilled nursing care. D) all of the above ANSWER C
Date: September 19th, 2020
The author present information that suggests that there is little threat of new entrants in the retail industry. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
ERISA established minimum monthly benefits to be paid by all qualified plans. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
ERISA states that company-sponsored pensions plans may not require employee contributions. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Which one of the following is not accomplished during probate? A) The validation of the will B) Payment of claims against the estate C) Distribution of property in joint tenancy D) Determination of legal heirs ANSWER C
Date: September 19th, 2020
Cancer insurance A) is high-cost insurance that makes little financial sense. B) can fill an important gap in traditional health care coverage. C) is specifically provided young adults under special provisions in the Medicare program. D) should be supplemented by additional policies covering other major illnesses. ANSWER A
Date: September 19th, 2020
Under a typical private long term care policy A) only skilled nursing care is covered. B) only Medicare approved services are covered. C) you are only covered if you can demonstrate you can no longer care for yourself. D) your benefits begin whenever you decide you need to enter a nursing home. ANSWER […]
Date: September 19th, 2020
