FREE AOA Insurance Questions and Answers
Which type of insurance is most commonly used to cover routine eye exams and corrective lenses?
Vision insurance specifically covers routine eye care services such as exams, glasses, and contact lenses.
Which of the following is typically not covered by standard vision insurance?
Vision insurance usually covers routine eye care but not surgical procedures, which are typically covered by health insurance.
What type of insurance coverage is crucial for protecting an optometric practice against data breaches and cyber-attacks?
Cyber liability insurance provides protection against losses resulting from data breaches, cyber-attacks, and other cybersecurity issues.
What is the primary role of a third-party administrator in relation to vision insurance plans?
A third-party administrator handles the administration of insurance plans, including processing claims and managing benefits.
Which of the following is typically included in an optometrist's business owner's policy (BOP)?
A business owner's policy typically includes property insurance and general liability insurance, covering physical assets and general business liabilities.
Why is it important for optometrists to verify a patient's insurance benefits before providing services?
Verifying insurance benefits ensures that the services provided will be covered by the patient's insurance plan, minimizing the risk of non-payment.
What is the primary purpose of professional liability insurance for optometrists?
Professional liability insurance, also known as malpractice insurance, protects optometrists from lawsuits alleging negligence or errors in patient care.
Which type of insurance is essential for optometrists to cover potential claims of discrimination or wrongful termination from employees?
Employment practices liability insurance protects against claims made by employees for issues such as discrimination, wrongful termination, and harassment.
What is the benefit of having an umbrella insurance policy in addition to primary insurance coverage for an optometric practice?
An umbrella insurance policy provides additional coverage limits beyond those of the primary insurance policies, offering extra protection against large claims.
Which insurance is required by law for most employers to provide to their employees, covering work-related injuries and illnesses?
Workers' compensation insurance is mandated by law to provide benefits to employees who suffer work-related injuries or illnesses.
What type of insurance would cover the cost of replacing expensive ophthalmic equipment damaged by a fire?
Property insurance covers the loss or damage to business property, including ophthalmic equipment, due to events like fire.