Wisconsin Health Insurance (Exam Questions & Answers 2024/2025) - General Disability Key Facts

How are limited health insurance policies defined? Give an example. (Disability - Accident and Health - Basics) {Ans: Limited health insurance policies (like AD&D) only cover limited perils and amounts.}What does an AD&D policy cover / pay for? (Disability - Accident and Health - Basics) {Ans: "An AD&D policy will pay the capital sum for loss of a limb, in addition to any medical expense insurance coverage that may apply."}Can health insurance underwriters discriminate based on health history? (Underwriting) {Ans: Yes - Health insurance underwriters may discriminate based on an applicant's health history.}How are blanket disability policies defined? (Disability - Accident and Health - Basics) {Ans: "A blanket disability policy may be written to cover passengers on a common carrier, an employee group, a student group, a debtor group, or a sports team. Blanket policies do not require individual applications, nor are certificates of insurance issued to those covered."}Are applications considered part of the overal policy? (Underwriting) {Ans: "Yes - An application must be in writing and will become part of the policy, when issued."}What are the 2 health insurance perils? (Disability - Accident and Health - Basics) {Ans: A peril is a cause