Dale,age 65,was Dismayed to Learn About All of the Deductibles,co-Pays,limits,and

question 24

Multiple Choice

Dale,age 65,was dismayed to learn about all of the deductibles,co-pays,limits,and exclusions in the Medicare program.Dale bought a type of health insurance specifically designed to supplement Medicare,and selected his coverage from among 12 standard policies that private insurers offer.What type of health insurance did Dale purchase?

• A)long-term care insurance
• B)Medigap insurance
• C)major medical insurance
• D)viatical insurance

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Definitions:

Rescind

To nullify, terminate, or abrogate a law, order, or agreement.

Contract Rescinded

The act of legally declaring a contract null and void, as if it never existed, typically due to fraud, mistake, or another reason making the contract not viable.

Covenant Not to Compete

A formal agreement where one party commits to refraining from engaging in or initiating a comparable business or occupation in rivalry with another party.

Illegal Agreement

A contract or arrangement that is forbidden by law because it involves actions or terms that violate legal statutes.