Florida Life and Health Insurance License Practice Test

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Prepare for the Florida Life and Health Insurance License Test. Study with flashcards and multiple choice questions, each with hints and explanations. Get ready for your certification exam with ease!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What would be the family's out-of-pocket medical expenses for 2013 under their Hospital/Surgical Expense policy?

$500
$1,500
$1,000
$2,000

The correct answer is: $1,000

Option A ($500) is incorrect because it is less than the deductible of $1,000 which means the insurance will not cover any expenses. Option B ($1,500) is incorrect because it is equal to the out-of-pocket maximum. This means that the family would have to pay the full amount of $1,500 before the insurance kicks in, but no more than that. Option D ($2,000) is incorrect because it is greater than the out-of-pocket maximum. This means that even if the family's expenses were greater than $2,000, they would only have to pay $1,500 according to their policy. The correct answer, Option C ($1,000), is the amount that the family would have to pay out-of-pocket before their insurance starts covering their medical expenses. This is the amount of the deductible, which means that once the family