Cwmc Module 16: Healthcare Competency Test

12 Questions | By Lfeinstitute | Updated: Mar 21, 2022 | Attempts: 65

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This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Healthcare Module (Module 16) of the program. The questions are all multiple choice, and are designed to be a review of this Module. Let LFE know when you've successfully completed this test and are ready to begin the next Module. Correct answers required for passing grade: 10/12

Questions and Answers

1.

The goal of Module 16 (Healthcare) is for employees to save money by learning strategies _________ their doctor or healthcare facility.
- A.
  
  To outsmart
- B.
  
  To educate
- C.
  
  To eliminate the need for
- D.
  
  They probably won't hear from
- E.
  
  That are beyond the understanding of
2.

Medicare and Medicaid cover the health expenses of millions of Americans. Which of the following statements applies to BOTH programs?
- A.
  
  Adheres to federal guidelines
- B.
  
  Coverage varies from state to state
- C.
  
  Intended to serve low-income people
- D.
  
  Designed as a comprehensive insurance plan
- E.
  
  Legally blind citizens automatically qualify
3.

As a Money Coach, which of the following is most likely NOT the focus in a healthcare-related response?
- A.
  
  Consumer rights
- B.
  
  ERISA litigation
- C.
  
  Money-saving strategies
- D.
  
  Insurance choices
- E.
  
  Medical scams
4.

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)?
- A.
  
  Flu shots
- B.
  
  Prescription medication education
- C.
  
  Immunizations
- D.
  
  Communicable disease blood analysis
- E.
  
  Lead testing
5.

Generally speaking, what is the ideal length of a succinct and informative Money Coaching response?
- A.
  
  Half page
- B.
  
  1 full page
- C.
  
  2 full pages
- D.
  
  3 full pages
- E.
  
  None of the above. It depends on the subject matter.
6.

How will addressing healthcare questions for employees help their employers? (check all that apply)
- A.
  
  Saves the company time
- B.
  
  Employers get a kick-back from insurance companies if Money Coaches recommend specific doctors
- C.
  
  Employers get a kick-back from the hospitals if Money Coaches recommend specific hospitals
- D.
  
  Employers really don’t care; it’s just a nice benefit to offer employees
- E.
  
  The company saves on healthcare costs
7.

Which of the following Web sites would you NOT recommend for more information on healthcare? (check all that apply)
- A.
  
  Www.stretcher.com/stories/980923c.cfm
- B.
  
  Www.nadaguides.com
- C.
  
  Www.icd9cm.chrisendres.com
- D.
  
  Www.dtv.gov
- E.
  
  Www.healthcare.com
8.

Which of the following healthcare actions could lead to financial crisis? (check all that apply)
- A.
  
  Understanding insurance coverage
- B.
  
  Comparing prescription prices
- C.
  
  Ignoring hospital bills
- D.
  
  Obtaining a second medical opinion
- E.
  
  A health insurance policy lapse due to non-payment
9.

Which of the following phrases are NOT appropriate when forming a Money Coaching response? (check all that apply)
- A.
  
  I have personally found...
- B.
  
  You should...
- C.
  
  Here are some possible options...
- D.
  
  I would recommend...
- E.
  
  Some alternatives to consider are...
10.

Which of the following money-saving strategies could be considered when facing long-distance travel for medical treatments? (check all that apply)
- A.
  
  Tax deductible vehicle expenses
- B.
  
  Public transportation options
- C.
  
  Post a “rideshare/carpool” ad on craigslist
- D.
  
  Keep your car properly maintained
- E.
  
  None of the above.
11.

To qualify for Medicare healthcare benefits: (check all that apply)
- A.
  
  An individual (who is not permanently disabled) should be age 65 or older
- B.
  
  A child is covered if one parent has paid the minimum amounts into the Medicare system
- C.
  
  Individuals must pay money (taxes) into the Medicare program for at least five years
- D.
  
  Individuals must not be reimbursed by any other additional insurance carrier
- E.
  
  An individual of any age has been diagnosed with a permanent disability
12.

How much have healthcare costs increased for employees recently?
- A.
  
  The government has restricted healthcare cost increases for employees
- B.
  
  2009 was the 8th year of double-digit healthcare cost increases for employees
- C.
  
  Healthcare costs have gone down for employees in the past two years
- D.
  
  Healthcare costs have only increased for employers
- E.
  
  This is too difficult to estimate