1) Tim used his problem solving skill to compare health insurance plans. He decided to pick a fee-for-service plan to meet his needs.

Which of the following is true regarding Tim's choice?

A)His out-of-pocket expenses will be the same in network hospitals and non-network hospitals.

B) He can get medical treatment at any hospital without prior permission.

C) He can only use doctors, specialists, clinics, and hospitals in the plan's network, unless it is an emergency.

D) He must first receive a referral from a network provider to receive coverage if he opts for treatment outside the network.

2) Thirty-five-year-old Samuel earns $36,000 a year. He's healthy and financially stable. His employer does not offer a pension plan or a defined contribution plan, so he decides to wait to invest any money towards his retirement.

Is Samuel's decision productive? Why or why not?

A) It is productive because he can take advantage of his company's matching contributions while he waits.

B) It is productive because the latest trends show that pension plans are on the rise and his company might choose to offer one soon.

C) It is not productive because given his good health and financial status, he should take advantage of investing early toward retirement.

D) It is not productive because he is very close to retirement age and needs to maximize his required savings rate.

3) Which of the following results from filing frequent claims against an automobile insurance policy?

A) The policyholder's credit score increases.

B) The policyholder sees a decrease in theirdeductible amount.

C) The policyholder begins topay a higher premium.

D) The policyholder's driving record shows markedimprovement.