Cwmc Module 16: Healthcare Competency Test
-
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
-
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 See morethe 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
(52).webp "Cwmc Module 16: Healthcare Competency Test - Quiz")
- 2.
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 guidelinesExplanation
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:
-
- 3.
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 litigationExplanation
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:
-
- 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)?
-
Flu shots
-
Prescription medication education
-
Immunizations
-
Communicable disease blood analysis
-
Lead testing
Correct Answer
A. Prescription medication educationExplanation
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:
-
- 5.
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 pageExplanation
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:
-
- 6.
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 costsExplanation
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:
-
- 7.
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 -
- 8.
Which of the following healthcare actions could lead to financial crisis? (check all that apply)
-
Understanding insurance coverage
-
Comparing prescription prices
-
Ignoring hospital bills
-
Obtaining a second medical opinion
-
A health insurance policy lapse due to non-payment
Correct Answer(s)
A. Ignoring hospital bills
A. A health insurance policy lapse due to non-paymentExplanation
Ignoring hospital bills and a health insurance policy lapse due to non-payment can both lead to financial crisis. Ignoring hospital bills can result in accumulating debt and potential legal action, while a health insurance policy lapse due to non-payment can leave individuals without coverage for medical expenses, leading to high out-of-pocket costs and potential bankruptcy. Both actions can have serious financial consequences and should be avoided.Rate this question:
-
- 9.
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:
-
- 10.
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 maintainedExplanation
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:
-
- 11.
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 disabilityExplanation
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:
-
- 12.
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 -
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Jul 11, 2023Quiz Edited by
ProProfs Editorial Team -
Jul 07, 2009Quiz Created by
Alice Whinnery
Back to top