Austin’s employer sponsors a group health insurance plan and a health care flexible spending account (FSA) and Austin contributed $1,000 from his salary. His out-of-pocket copayments and deductibles for medical and dental care were $950, and he spent $50 to purchase aspirin and over the counter cold remedies in preparation for the cold and flu season. Which of the following statements concerning Austin’s FSA is correct?  

Which homeowners policy form is designed for the tenants of rental property?  

All of the following impact the cost of a long-term care policy EXCEPT.

When comparing group long-term disability (LTD) with individual LTD policies, differences include all the following EXCEPT:

Which of the following individuals would not qualify for long-term care benefits?  

Under what type of insurance policy must an insured always have an insurable interest at the time of loss to receive payments?  

There are various factors that influence the need for long-term care insurance. Which of the following is correct regarding these factors?  

Who is/are generally required as gatekeepers for a policy holder under an HMO policy?  

Harlen is a participant in her employer’s group comprehensive major medical insurance plan and she has had no claims so far this calendar year. The plan has a $1,000 deductible, a $5,000 out-of-pocket maximum, and has 80% coinsurance. If Harlen is injured in an accident, resulting in $4,000 in medical costs, how much will Harlen need to pay for the medical bills?

Justin H. purchased a life insurance policy many years ago and now feels he no longer needs the life insurance. He would like to do a 1035 exchange to an annuity that can provide him additional income for his golden years. Which of the following is correct regarding the exchange?