CWMC Module 16: Healthcare Competency Test

2.

As a Money Coach, which of the following is most likely NOT the focus in a healthcare-related response?

Consumer rights
ERISA litigation
Money-saving strategies
Insurance choices
Medical scams

Correct Answer

A. ERISA litigation

Explanation

In a healthcare-related response, the focus is typically on providing information and guidance to individuals regarding their consumer rights, money-saving strategies, insurance choices, and protection against medical scams. ERISA litigation, on the other hand, refers to legal disputes related to employee benefits and retirement plans, which is not directly related to healthcare. Therefore, ERISA litigation is most likely not the focus in a healthcare-related response.

Rate this question:

3.

Which of the following phrases are NOT appropriate when forming a Money Coaching response? (check all that apply)

I have personally found...
You should...
Here are some possible options...
I would recommend...
Some alternatives to consider are...

Correct Answer(s)

A. I have personally found...
A. You should...
A. I would recommend...

Explanation

The phrases "I have personally found...", "You should...", and "I would recommend..." are not appropriate when forming a Money Coaching response. Money Coaching is about providing guidance and support, rather than imposing personal opinions or making recommendations. It is important to offer objective information and present different options for consideration, which can be done using phrases like "Here are some possible options..." or "Some alternatives to consider are...".

Rate this question:

4.

How much have healthcare costs increased for employees recently?

The government has restricted healthcare cost increases for employees
2009 was the 8th year of double-digit healthcare cost increases for employees
Healthcare costs have gone down for employees in the past two years
Healthcare costs have only increased for employers
This is too difficult to estimate

Correct Answer

A. 2009 was the 8th year of double-digit healthcare cost increases for employees

5.

How will addressing healthcare questions for employees help their employers? (check all that apply)

Saves the company time
Employers get a kick-back from insurance companies if Money Coaches recommend specific doctors
Employers get a kick-back from the hospitals if Money Coaches recommend specific hospitals
Employers really don’t care; it’s just a nice benefit to offer employees
The company saves on healthcare costs

Correct Answer(s)

A. Saves the company time
A. The company saves on healthcare costs

Explanation

Addressing healthcare questions for employees can help their employers by saving the company time and saving on healthcare costs. By providing employees with information and resources to address their healthcare concerns, employers can prevent employees from spending excessive time researching and seeking medical advice. This can result in increased productivity and efficiency within the company. Additionally, by promoting preventive care and early intervention, employers can reduce healthcare costs in the long run by preventing more serious and expensive health issues from arising.

Rate this question:

6.

Which of the following Web sites would you NOT recommend for more information on healthcare? (check all that apply)

Www.stretcher.com/stories/980923c.cfm
Www.nadaguides.com
Www.icd9cm.chrisendres.com
Www.dtv.gov
Www.healthcare.com

Correct Answer(s)

A. Www.nadaguides.com
A. Www.dtv.gov

7.

The goal of Module 16 (Healthcare) is for employees to save money by learning strategies _________ their doctor or healthcare facility.

To outsmart
To educate
To eliminate the need for
They probably won't hear from
That are beyond the understanding of

Correct Answer

A. They probably won't hear from

Explanation

The goal of Module 16 (Healthcare) is for employees to save money by learning strategies that they probably won't hear from their doctor or healthcare facility. This suggests that the module aims to provide employees with alternative strategies or information that may not be commonly shared by healthcare providers, potentially enabling them to save money on healthcare expenses.

Rate this question:

8.

Medicare and Medicaid cover the health expenses of millions of Americans. Which of the following statements applies to BOTH programs?

Adheres to federal guidelines
Coverage varies from state to state
Intended to serve low-income people
Designed as a comprehensive insurance plan
Legally blind citizens automatically qualify

Correct Answer

A. Adheres to federal guidelines

Explanation

Both Medicare and Medicaid adhere to federal guidelines. This means that they must follow the rules and regulations set by the federal government in order to provide health coverage to eligible individuals. These guidelines ensure that the programs operate in a standardized and consistent manner across the country.

Rate this question:

9.

Which of the following money-saving strategies could be considered when facing long-distance travel for medical treatments? (check all that apply)

Tax deductible vehicle expenses
Public transportation options
Post a “rideshare/carpool” ad on craigslist
Keep your car properly maintained
None of the above.

Correct Answer(s)

A. Tax deductible vehicle expenses
A. Public transportation options
A. Post a “rideshare/carpool” ad on craigslist
A. Keep your car properly maintained

Explanation

When facing long-distance travel for medical treatments, there are several money-saving strategies that could be considered. One option is to take advantage of tax deductible vehicle expenses, which can help offset the cost of gas, maintenance, and other related expenses. Another strategy is to explore public transportation options, such as buses or trains, which can be more affordable than driving a personal vehicle. Additionally, posting a “rideshare/carpool” ad on craigslist can help connect with others who may be traveling in the same direction, allowing for cost-sharing. Lastly, keeping your car properly maintained can help prevent costly repairs and ensure optimal fuel efficiency. Therefore, all of the options listed could be considered when facing long-distance travel for medical treatments.

Rate this question:

10.

To qualify for Medicare healthcare benefits: (check all that apply)

An individual (who is not permanently disabled) should be age 65 or older
A child is covered if one parent has paid the minimum amounts into the Medicare system
Individuals must pay money (taxes) into the Medicare program for at least five years
Individuals must not be reimbursed by any other additional insurance carrier
An individual of any age has been diagnosed with a permanent disability

Correct Answer(s)

A. An individual (who is not permanently disabled) should be age 65 or older
A. An individual of any age has been diagnosed with a permanent disability

Explanation

To qualify for Medicare healthcare benefits, an individual who is not permanently disabled should be age 65 or older. This means that individuals who are not disabled but are 65 years or older are eligible for Medicare. Additionally, an individual of any age who has been diagnosed with a permanent disability is also eligible for Medicare. This means that individuals who have a permanent disability, regardless of their age, can qualify for Medicare benefits.

Rate this question:

11.

Generally speaking, what is the ideal length of a succinct and informative Money Coaching response?

Half page
1 full page
2 full pages
3 full pages
None of the above. It depends on the subject matter.

Correct Answer

A. 1 full page

Explanation

The ideal length of a succinct and informative Money Coaching response is 1 full page. This allows for enough space to provide a comprehensive explanation and analysis of the subject matter without being overly verbose or repetitive. It ensures that all relevant information is included while still maintaining brevity and clarity.

Rate this question:

12.

Which of the following services is mandated by law to be provided, at no cost, by a local hospital and/or Primary Care Physician (PCP)?

Flu shots
Prescription medication education
Immunizations
Communicable disease blood analysis
Lead testing

Correct Answer

A. Prescription medication education

Explanation

Prescription medication education is mandated by law to be provided, at no cost, by a local hospital and/or Primary Care Physician (PCP). This means that healthcare providers are required to offer information and guidance to patients regarding their prescribed medications, including details about dosage, potential side effects, and instructions for use. This ensures that patients have access to the necessary knowledge and support to safely and effectively manage their medications.

Rate this question:

Cwmc Module 16: Healthcare Competency Test

Which of the following healthcare actions could lead to financial crisis? (check all that apply)

Quiz Preview

As a Money Coach, which of the following is most likely NOT the focus in a healthcare-related response?

Which of the following phrases are NOT appropriate when forming a Money Coaching response? (check all that apply)

How much have healthcare costs increased for employees recently?

How will addressing healthcare questions for employees help their employers? (check all that apply)

Which of the following Web sites would you NOT recommend for more information on healthcare? (check all that apply)

The goal of Module 16 (Healthcare) is for employees to save money by learning strategies _________ their doctor or healthcare facility.

Medicare and Medicaid cover the health expenses of millions of Americans. Which of the following statements applies to BOTH programs?

Which of the following money-saving strategies could be considered when facing long-distance travel for medical treatments? (check all that apply)

To qualify for Medicare healthcare benefits: (check all that apply)

Generally speaking, what is the ideal length of a succinct and informative Money Coaching response?

Which of the following services is mandated by law to be provided, at no cost, by a local hospital and/or Primary Care Physician (PCP)?