Personal Finance 13th Edition By Jack Kapoor – Test Bank

Chapter 11 Health, Disability, and Long-Term Care Insurance

1) The United States has the lowest per capita medical expenditures of any industrialized country in the world.

Answer: FALSE
Difficulty: 2 Medium
Topic: Medical costs
Learning Objective: 11-01 Explain why the costs of health insurance and health care have been increasing.
Bloom’s: Remember
Accessibility: Keyboard Navigation
Gradable: automatic

2) Affordable health care has become one of the most important social issues of our time.

Answer: TRUE
Difficulty: 1 Easy
Topic: Medical costs
Learning Objective: 11-01 Explain why the costs of health insurance and health care have been increasing.
Bloom’s: Remember
Accessibility: Keyboard Navigation
Gradable: automatic

3) One reason for the high and rising costs of health care is the use of sophisticated and expensive technologies.

Answer: TRUE
Difficulty: 1 Easy
Topic: Medical costs
Learning Objective: 11-01 Explain why the costs of health insurance and health care have been increasing.
Bloom’s: Understand
Accessibility: Keyboard Navigation
Gradable: automatic

4) One way to reduce your own medical costs is to stay well.

Answer: TRUE
Difficulty: 1 Easy
Topic: Personal costs of health care
Learning Objective: 11-01 Explain why the costs of health insurance and health care have been increasing.
Bloom’s: Remember
Accessibility: Keyboard Navigation
Gradable: automatic

5) The prescription to stay healthy includes getting sufficient rest, relaxation, and exercise.

Answer: TRUE
Difficulty: 1 Easy
Topic: Personal costs of health care
Learning Objective: 11-01 Explain why the costs of health insurance and health care have been increasing.
Bloom’s: Remember
Accessibility: Keyboard Navigation
Gradable: automatic

6) Health club membership is a form of protection to alleviate the financial burdens individuals suffer from illness or injury.

Answer: FALSE
Difficulty: 2 Medium
Topic: Personal costs of health care
Learning Objective: 11-02 Define health insurance and disability income insurance and explain their importance in financial planning.
Bloom’s: Remember
Accessibility: Keyboard Navigation
Gradable: automatic

7) Group health insurance will cover you, but not your immediate family.

Answer: FALSE
Difficulty: 2 Medium
Topic: Group health insurance
Learning Objective: 11-02 Define health insurance and disability income insurance and explain their importance in financial planning.
Bloom’s: Remember
Accessibility: Keyboard Navigation
Gradable: automatic

8) Individual health insurance covers either one person or a family.

Answer: TRUE
Difficulty: 1 Easy
Topic: Health insurance policy provisions
Learning Objective: 11-02 Define health insurance and disability income insurance and explain their importance in financial planning.
Bloom’s: Remember
Accessibility: Keyboard Navigation
Gradable: automatic

9) Very few group health insurance policies have a coordination of benefits provision.

Answer: FALSE
Difficulty: 2 Medium
Topic: Coordination of benefits
Learning Objective: 11-02 Define health insurance and disability income insurance and explain their importance in financial planning.
Bloom’s: Remember
Accessibility: Keyboard Navigation
Gradable: automatic

10) A good health insurance plan should offer basic coverage for hospital and doctor bills.

Answer: TRUE
Difficulty: 1 Easy
Topic: Health insurance policy provisions
Learning Objective: 11-03 Analyze the benefits and limitations of the various types of health care coverage.
Bloom’s: Understand
Accessibility: Keyboard Navigation
Gradable: automatic