Florida Life and Health Insurance License Practice Test

Question: 1 / 50

Which provision is NOT required in HMO contracts/certificates?

Seven-day grace period

Grace periods refer to a specific amount of time after a payment is due that allows the payer to make the payment without incurring any late fees or penalties. In HMO contracts, this provision is not required as the payment is typically due at the same time each month and failure to pay on time can result in the cancellation of the contract. Therefore, the seven-day grace period is not necessary. Options B, C, and D are all required in HMO contracts. The ten-day free look period allows the subscriber to review the contract and cancel within a certain amount of time without penalty. Emergency services coverage and preventive care services are mandatory requirements under the Affordable Care Act for all HMO contracts.

Ten-day free look period

Emergency services coverage

Preventive care services