QUESTION 19

1. Medicare part A is primarily supported by Social Security Payroll Taxes and Part B by general tax revenue together with premium charged.

True

False

QUESTION 20

1. The proceeds of business overhead expense insurance is taxable.

True

False

QUESTION 21

1. Age Discrimination In Employment Act prohibits reduction of benefit based on age.

True

False

QUESTION 22

1. Plans K and L have limits on the out-of-pocket expenditures.

True

False

QUESTION 23

1. The insurance application becomes a part of the insurance policy.

True

False

QUESTION 24

1. A dental plan that uses R&C will apply coinsurance percentages to a schedule or list of fixed-dollar amounts for each covered benefit.

True

False

QUESTION 25

1. There are exceptions for controlled business. One example would be insurance of the interest of a motor vehicle sales.

True

False

QUESTION 26

1. Insurance regulatory bodies do not look favorably on the dread disease policies.

True

False

QUESTION 27

1. The splitting of commissions is prohibited.

True

False

QUESTION 28

1. All of the out-of-pocket payments of Medicare Part A and Par B would be paid by Medigap (Medicare Supplement Benefits).

True

False