HW 5 - (given) Answers - ACE 245 (2007) EXERCISE 5 (Due...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
ACE 245 (2007) EXERCISE 5 (Due Monday, November 12 in class) Instructions: Select the best answer for each question. Each one is worth 1 point except as indicated . For the short-answer questions, turn in typed answers or spreadsheets showing your work. 1. Good risk management may include accepting responsibility for the cost of damage or injury. True False 2. Life insurance needs typically diminish late in life. True False 3. Workers’ Compensation provides compensation in the event of a. Injury sustained at work b. Job-related disability c. Injury sustained on the way to work d. Both a and b e. Both a and c 4. COBRA provides a. Guaranteed temporary access, at worker’s expense, to former employer’s health insurance program b. Continuation of health care coverage under former employer’s health insurance plan, at worker’s expense, until reemployed c. Continuation of health care coverage under former employer’s health insurance plan, at former employer’s expense, until reemployed d. Employees who leave voluntarily may be excluded from further coverage under former employer’s health insurance plan e. Immediate eligibility for a new employer’s group health plan if covered by a group plan at place of previous employment 5. Which item best describes insurance for long-term health care? a. Included in Medicare b. Is most affordable for low-income and high-income individuals c. Women are statistically more likely to benefit from it d. Both a and c e. Both b and c 6. Medicare Part B a. Covers doctor’s bills only b. Covers hospital expenses only c. Covers prescription drugs only d. Includes both a and b e. Includes a, b, and c 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
7.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/28/2009 for the course ACE 245 taught by Professor Braden during the Fall '07 term at University of Illinois at Urbana–Champaign.

Page1 / 4

HW 5 - (given) Answers - ACE 245 (2007) EXERCISE 5 (Due...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online