Which of the following statements pertaining to Medicare Part A is correct?

A) Medicare Part A is automatically provided when an individual qualifies for Social Security benefits at age 65.

B) For the first 90 days of hospitalization, Medicare Part A pays 100% of all covered services, except for the initial deductible

C) Individuals with ESRD do not qualify for Part A

D) Each individuals covered by Medicare Part A is allowed one 90-day benefit period per year

Answer: A) Medicare Part A is automatically provided when an individual qualifies for Social Security benefits at age 65.

Social 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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The voluntary relinquishment of a legal right is called
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