How Well Do You Know Life And Health Insurance Florida?
-
What is the person with insurance cover called?
-
Investor
-
Provider
-
The insured
-
The insurer
-
The creation of insurance is to provide a form of protection against financial loss. To the person the insurance covers, it's a method that's utilized for risk management. Especially against the risk of a contingent or uncertain loss.
That said, insurance is more or less the same thing regardless of location, and so, in Florida too, this explanation obviously applies.
Quiz Preview
- 2.
What is the clinic called in this context?
-
Independent party
-
Provider
-
Insurer
-
The Insured
Correct Answer
A. ProviderExplanation
In this context, the clinic is referred to as the "provider". The term "provider" typically refers to a healthcare facility or professional that offers medical services to patients. This can include clinics, hospitals, doctors, nurses, and other healthcare practitioners. The provider is the party responsible for delivering healthcare services to the insured or the patient.Rate this question:
-
- 3.
How is the cost of health insurance paid in Florida?
-
Through community development programs
-
Through family health programs
-
Through employer benefit packages
-
Through gratuity packages
Correct Answer
A. Through employer benefit packagesExplanation
In Florida, the cost of health insurance is paid through employer benefit packages. This means that employers provide health insurance coverage to their employees as part of their employee benefits package. This is a common practice in many organizations, where the employer contributes a portion of the premium cost and the employee also pays a portion through payroll deductions. This arrangement allows employees to have access to health insurance coverage and helps spread the cost of insurance among a larger group of individuals.Rate this question:
-
- 4.
What type of life insurance provides benefits at a specified occurrence?
-
Whole life policies
-
Universal life benefits
-
Investment policies
-
Protection policies
Correct Answer
A. Protection policiesExplanation
Protection policies provide benefits at a specified occurrence, such as death or disability. These types of life insurance policies are designed to provide financial protection to the policyholder's beneficiaries in the event of their death. Unlike investment policies or universal life benefits, which may have additional components such as cash value accumulation or flexible premium payments, protection policies focus solely on providing a specified benefit to the insured's loved ones. Whole life policies, on the other hand, provide both a death benefit and a cash value component, making them different from protection policies.Rate this question:
-
- 5.
Who wrote the first life table?
-
Charles Bridge
-
James Smith
-
Edmund Halley
-
Hailey Anderson
Correct Answer
A. Edmund HalleyExplanation
Edmund Halley is the correct answer because he is credited with creating the first life table. A life table is a statistical tool used to analyze mortality rates and life expectancy. Halley's life table, published in 1693, was based on mortality data from the city of Breslau (now Wroclaw, Poland). His work laid the foundation for the development of life tables and demographic analysis, making him a pioneer in this field. Charles Bridge, James Smith, and Hailey Anderson are not associated with the creation of the first life table.Rate this question:
-
- 6.
Which of these is not featured in the Health Savings Account plan?
-
Savings account
-
Monthly premiums
-
Indemnity plans
-
Tax benefits
Correct Answer
A. Monthly premiumsExplanation
The Health Savings Account plan does not include monthly premiums. A Health Savings Account is a type of savings account that allows individuals to save money for medical expenses on a tax-free basis. It is typically paired with a high-deductible health insurance plan, which may require individuals to pay out-of-pocket for medical expenses until the deductible is met. Unlike traditional health insurance plans, Health Savings Account plans do not require monthly premiums to be paid.Rate this question:
-
- 7.
Which of these is not an example of public health insurance packages?
-
Indian Health Service
-
HealthCare
-
Medicare
-
Medicaid
Correct Answer
A. HealthCareExplanation
The Indian Health Service, Medicare, and Medicaid are all examples of public health insurance packages. However, "HealthCare" is not a specific public health insurance package and does not refer to any particular program or system.Rate this question:
-
- 8.
Which year saw the U.S government introduce the Health Savings Account?
-
2015
-
2011
-
2017
-
2013
Correct Answer
A. 2013Explanation
In 2013, the U.S government introduced the Health Savings Account.Rate this question:
-
- 9.
Where did life insurance plans originate?
-
Greece
-
India
-
America
-
Rome
Correct Answer
A. RomeExplanation
Life insurance plans originated in Rome.Rate this question:
-
- 10.
What type of health insurance subsidizes health costs and thrives on premiums?
-
Private health insurance
-
Indemnity plans
-
Public health insurance
-
Manage care plans
Correct Answer
A. Public health insuranceExplanation
Public health insurance is the correct answer because it is a type of health insurance that subsidizes health costs and relies on premiums. Public health insurance is typically provided by the government and is funded through taxes or other public funds. This type of insurance is designed to provide affordable healthcare coverage to a wide population and is often available to individuals who may not be eligible for private health insurance. Public health insurance programs include Medicare and Medicaid in the United States, and the National Health Service (NHS) in the United Kingdom.Rate this question:
-
Quiz Review Timeline (Updated): Mar 22, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Mar 22, 2023Quiz Edited by
ProProfs Editorial Team -
Jul 18, 2018Quiz Created by
Hanero
Back to top