EXAMFX Social Insurance Programs 2

Question 1

Social Security Disability Insurance (SSDI) benefits generally begin after a waiting period of how many months?

Accepted Answer

5 months

Answer

1 month

Answer

3 months

Answer

12 months

Question 2

The Children's Health Insurance Program (CHIP) is designed to provide coverage for which population?

Accepted Answer

Children in families that earn too much for Medicaid but cannot afford private insurance

Answer

Elderly individuals not yet eligible for Medicare

Answer

Children of federal government employees

Answer

Disabled adults under age 65

Question 3

To qualify for Social Security retirement benefits, a worker typically needs how many credits?

Accepted Answer

40 credits

Answer

20 credits

Answer

30 credits

Answer

50 credits

Question 4

Which of the following is NOT covered under Medicare Part A?

Accepted Answer

Outpatient surgery in a physician's office

Answer

Inpatient hospital stays

Answer

Skilled nursing facility care

Answer

Hospice care

Question 5

Under the Social Security program, survivors benefits may be paid to which of the following?

Accepted Answer

A divorced spouse who was married for at least 10 years

Answer

Only the spouse of the deceased worker

Answer

Only minor children of the deceased worker

Answer

Business partners of the deceased worker

Question 6

The Medicare Supplement (Medigap) policy is designed to cover which of the following?

Accepted Answer

Gaps in coverage such as deductibles and coinsurance under Original Medicare

Answer

Prescription drug costs not covered by Part D

Answer

Long-term custodial care in a nursing home

Answer

Dental, vision, and hearing services

Question 7

Workers' compensation is best described as what type of social insurance program?

Accepted Answer

A mandatory employer-funded program providing benefits for work-related injuries and illnesses

Answer

A voluntary employer benefit funded solely by employees

Answer

A federal program administered by the Social Security Administration

Answer

A private insurance product with no state regulation