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

SSDI has a 5-month waiting period from the onset of disability before benefit payments begin, meaning benefits start in the 6th month of disability.

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

CHIP targets children in families whose income is too high to qualify for Medicaid but too low to afford private health insurance coverage.

Question 3

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

Accepted Answer

40 credits

Answer

Workers need 40 Social Security credits (equivalent to approximately 10 years of work) to qualify for retirement benefits.

Question 4

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

Accepted Answer

Outpatient surgery in a physician's office

Answer

Outpatient surgery performed in a physician's office is covered under Medicare Part B, not Part A, which is limited to inpatient and facility-based 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

A divorced spouse who was married to the deceased worker for at least 10 years may be eligible to receive Social Security survivors benefits.

(EXAMFX) Exam FX Insurance Practice Test

(EXAMFX) Exam FX Insurance Practice Test

EXAMFX Social Insurance Programs 2