NLHI Nevada Life and Health Insurance Exam - Set 4 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: A person newly enrolled in Medicare Part B at age sixty-five wants to buy a Medicare supplement policy with guaranteed acceptance regardless of health. A special window gives that guaranteed right. How long is the Medigap open enrollment period?

Thirty days from turning sixty-five

One year from Part A enrollment

Ninety days before turning sixty-five

Six months from Part B enrollment

Question 42: An agent considers selling a Medicare supplement policy to a client who is currently enrolled in a Medicare Advantage plan. Federal rules restrict this. What is the general rule about selling a Medigap policy to a Medicare Advantage enrollee?

It is generally unlawful to sell one

It is required as secondary coverage

It is allowed with a signed waiver

It automatically replaces the Advantage plan

Question 43: A Medicare beneficiary with a Part D drug plan reaches a stage where, after initial coverage, she temporarily pays a larger share of drug costs until catastrophic coverage begins. What is this Part D cost stage commonly called?

The elimination period

The corridor deductible

The coverage gap, or donut hole

The benefit period

Question 44: An elderly person with limited income and assets needs long-term custodial nursing home care, which Medicare largely does not pay for. A joint federal-state program does cover such custodial care for those who qualify financially. Which program is it?

Medicare Part A

Medicaid

Medicare Part B

A Medigap policy

Question 45: A terminally ill Medicare beneficiary elects comfort-focused care rather than curative treatment. This end-of-life benefit, including pain management and support services, is provided under one specific part of Medicare. The care emphasizes comfort over cure. Under which part is hospice care covered?

Medicare Part B

Medicare Part D

A Medigap policy

Medicare Part A

Question 46: A buyer compares two long-term care policies. One meets federal standards, offering favorable tax treatment and using a strict benefit trigger, while the other does not meet those standards but may use looser triggers. What are these two categories called?

Tax-qualified and nonqualified policies

Scheduled and nonscheduled policies

Cancelable and guaranteed policies

Basic and comprehensive policies

Question 47: Some states, under a federal framework, allow special long-term care policies that let a buyer protect a matching amount of personal assets from Medicaid spend-down equal to the benefits the policy pays. The design rewards buyers who plan ahead. What are these programs called?

Medicaid gap policies

Guaranteed issue LTC plans

Long-term care partnership programs

Community spouse allowances

Question 48: A family worries that a long-term care policy might refuse to pay once a parent develops Alzheimer's disease and needs supervision due to cognitive decline. The family wants assurance before buying. How do standard long-term care policies generally treat Alzheimer's disease?

It is always excluded

It is covered only under Medicare

It voids the policy entirely

It is a covered condition

Question 49: An employer wants a health account that only it funds, that reimburses employees for qualified medical expenses, and that does not require a high-deductible health plan. Unused amounts may carry over at the employer's discretion. Which arrangement is this?

A health savings account

A health reimbursement arrangement

A flexible spending account

A health maintenance organization

Question 50: A business pays premiums on a disability policy funding a buy-sell agreement among owners. The accountant explains how these premiums and any benefits are taxed. How are premiums and benefits treated for a business buy-sell or key-person disability policy?

Premiums nondeductible, benefits received tax-free

Premiums deductible, benefits fully taxable

Both premiums and benefits are tax-free

Both premiums and benefits are taxable

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