Virginia Health LAW Final Exam, Questions with accurate answers. 100% verified. Latest updates

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Virginia Health LAW Final Exam, Questions with accurate answers. 100% verified. Latest updates Except for fraud, health insurance policies must be incontestable after? A. 1 year .......... B.... 18 months....... C. 2 years....... D. 3 years - ✔✔C. 2 years Coverage for newborns under under group or individual family medical expense policies must begin? A. At the moment of birth B. Within 24 hours of birth C. 31 days after birth D. upon notice to the insurer and payment of any additional premium. - ✔✔A. At the moment of birth LTC insurance must provide coverage for at least___ consecutive months in a nursing home? A. 6..... B. 12..... C. 18.... D. 24 - ✔✔the answer is B....... 12 Which of the following is true regarding a Medicare Supplement policy? A. They are sold by the federal government. B. They must have at least a 6 month free look. C. The cover all gaps in Medicare coverage. D. The maximum probationary period is 6 months. - ✔✔D. The maximum probationary period is 6 months The purchase of a Medicare Supplement has an unconditional right to return the policy for a full refund within how many days of policy delivery? A. 10... B. 20.... C. 30... D. 180 - ✔✔C. 30 Which of the following is incorrect regarding the conversion of group health insurance coverage? A. Terminal employees have 31 days to convert to an individual policy issued by the same insurer B. Dependents may also be covered on the converted policy. C. proof of insurability is required D. no new probationary period will apply. - ✔✔C. Proof of insurability is required All of the following are correct regarding Long Term Care insurance sold in this state EXCEPT: A. It must cover acute care in the hospital B. It must provide coverage for at least 12 months in a nursing home C. Coverage may be conditioned upon the insured's inability to perform at least 3 of the activities of daily living D. It must offer an insured the right to buy protection against inflation - ✔✔A. It must cover acute care in the hospital In order to qualify for small employer group coverage, a small employer must employ an average of at least ____ employees, but no more than ____ employees on business days during the preceding calendar year: A. 1; 10 B. 2; 50 C. 5; 75 D. 10; 100 - ✔✔B. 2; 50 To be eligible for small employer group coverage, an employee must be full time and have a normal work week of ____ or more hours: A. 10............... B. 20 ............. C. 30 ............ D. 40 - ✔✔C. 30 hours No insurer issuing Medicare Supplement policies in this state may deny a claim related to a pre- existing condition incurred more than ____ months from the effective date of coverage: A. 2 B. 3 C. 6 D. 12 - ✔✔C. 6 [Show More]

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