Insurance Flashcards
11 cards from real AOA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 11 Insurance flashcards as text
Which type of insurance is most commonly used to cover routine eye exams and corrective lenses?
Answer: Vision insurance
Vision insurance specifically covers routine eye care services such as exams, glasses, and contact lenses.
What is the primary purpose of professional liability insurance for optometrists?
Answer: To protect against claims of negligence or malpractice
Professional liability insurance, also known as malpractice insurance, protects optometrists from lawsuits alleging negligence or errors in patient care.
Which of the following is typically not covered by standard vision insurance?
Answer: Surgical procedures
Vision insurance usually covers routine eye care but not surgical procedures, which are typically covered by health insurance.
What type of insurance would cover the cost of replacing expensive ophthalmic equipment damaged by a fire?
Answer: Property insurance
Property insurance covers the loss or damage to business property, including ophthalmic equipment, due to events like fire.
Which insurance is required by law for most employers to provide to their employees, covering work-related injuries and illnesses?
Answer: Workers' compensation insurance
Workers' compensation insurance is mandated by law to provide benefits to employees who suffer work-related injuries or illnesses.
What is the benefit of having an umbrella insurance policy in addition to primary insurance coverage for an optometric practice?
Answer: It increases the coverage limits beyond the primary policy
An umbrella insurance policy provides additional coverage limits beyond those of the primary insurance policies, offering extra protection against large claims.
Which type of insurance is essential for optometrists to cover potential claims of discrimination or wrongful termination from employees?
Answer: Employment practices liability insurance
Employment practices liability insurance protects against claims made by employees for issues such as discrimination, wrongful termination, and harassment.
What is the primary role of a third-party administrator in relation to vision insurance plans?
Answer: To manage and process insurance claims
A third-party administrator handles the administration of insurance plans, including processing claims and managing benefits.
Why is it important for optometrists to verify a patient's insurance benefits before providing services?
Answer: To ensure payment for services rendered
Verifying insurance benefits ensures that the services provided will be covered by the patient's insurance plan, minimizing the risk of non-payment.
Which of the following is typically included in an optometrist's business owner's policy (BOP)?
Answer: Property insurance and general liability insurance
A business owner's policy typically includes property insurance and general liability insurance, covering physical assets and general business liabilities.
What type of insurance coverage is crucial for protecting an optometric practice against data breaches and cyber-attacks?
Answer: Cyber liability insurance
Cyber liability insurance provides protection against losses resulting from data breaches, cyber-attacks, and other cybersecurity issues.