Mark continues working after the age of 65 and is covered through his employer's group health plan. Which of the following statements is TRUE?

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Mark continues working after the age of 65 and is covered through his employer's group health plan. Which of the following statements is TRUE?

A) He's not eligible for Medicare
B) His group health plan and Medicare pay 50/50
C) Medicare is the secondary payer
D) Medicare is the primary payer

Answer: C) Medicare is the secondary payer

Health and Accident Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

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