Xcel Final Exam Trial Update Questions and Answers Complete Update Guide 2025/2026

Typically, Long-Term Disability benefits are coordinated with which benefit plan?
Social Security
The focus of major medical insurance is providing coverage for
medical and hospitalization expenses
An insured under a Major Medical expense plan with a zero deductible and 80/20
coinsurance provision files a $1,000 claim. How much of this claim is the insured
responsible for?
$200
because this policy has a zero deductible, the insures is only responsible for the 20%
coinsurance on this claim, or $200
An insured has a stop-loss limit of $5,000 and an 80/20 coinsurance. The insured incurs
$25,000 of covered losses. How much will the insured pay?
$5,000
Which type of plan would be the most appropriate for an individual on Medicare and
concerned that Medicare will NOT pay for charges exceeding the approved amount?
Medicare supplement Plan F
When can a group health policy renewal be denied according to the Health Insurance
Portability and Accountability Act (HIPAA)?
when contribution or participation rules have been violated
What does the word "level: in Level Term describe?
the face amount
A non-contributory health insurance plan helps the insurer avoid
adverse selection
because all eligible employees are usually covered, non-contributory plans are
desirable from an underwriting standpoint because adverse selection is minimized.
To qualify for a resident producer license in the state of Michigan, an individual
must complete the required pre-licensing education within 12 months of license
application
Under an expense-incurred individual health policy, what is the MAXIMUM length of
time after issuance of the policy that an insurer can exclude coverage for a pre-existing
condition?
12 months
pre-existing conditions may be excluded for a maximum of 12 months from the date of
enrollment.
An insured has a health plan that pays established amounts in accordance with a list of
injuries, surgical procedures, or other losses. This list is called a
benefit schedule
benefits schedule set predetermined limits or maximums on how much money and
insured can be reimbursed for a covered loss.