New Parent Assessment

1. What's the minimum Special Enrollment Period a job-based health plan must give you after a birth?
- A) 7 days
- B) At least 30 days
- C) 1 year
- D) There isn't one
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: HealthCare.gov says job-based plans must provide a Special Enrollment Period of at least 30 days. On the Marketplace, you have 60 days.
Review: Adding a Newborn to Health Insurance: Deadlines and How Coverage Starts
1. You have Medicaid when you give birth. What generally happens to your newborn's coverage?
- A) The newborn is automatically enrolled in Medicaid
- B) You must wait for Open Enrollment
- C) The baby can't be covered for a year
- D) You must buy a separate policy
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: HealthCare.gov says a newborn is automatically enrolled in Medicaid and stays eligible for at least a year.
Review: Adding a Newborn to Health Insurance: Deadlines and How Coverage Starts
2. Does being pregnant, by itself, qualify you for a Marketplace Special Enrollment Period?
- A) Yes
- B) No, but the birth does
- C) Only in the third trimester
- D) Only with a doctor's note
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: HealthCare.gov says being pregnant doesn't qualify you for a Special Enrollment Period, but the birth of a child does.
Review: Pregnancy and Health Insurance: What's Covered and When You Can Enroll
2. Do Marketplace plans cover pregnancy that began before coverage started?
- A) Yes
- B) No, it's excluded
- C) Only after a waiting period
- D) Only for Medicaid
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: HealthCare.gov says all Marketplace and Medicaid plans cover pregnancy and childbirth, even if the pregnancy began first.
Review: Pregnancy and Health Insurance: What's Covered and When You Can Enroll
3. According to Triple-I, how much should you plan for final expenses at a minimum?
- A) $1,000
- B) $15,000
- C) $100,000
- D) Nothing
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Triple-I suggests planning for at least $15,000 for funeral, tax and estate costs.
Review: How Much Life Insurance Do New Parents Need?
3. Why does Triple-I caution against buying a simple multiple of your salary?
- A) It ignores inflation and other income sources
- B) Insurers don't allow it
- C) It's always too high
- D) It only works for whole life
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Triple-I says the multiple-of-salary approach assumes no inflation and ignores sources like Social Security survivors' benefits.
Review: How Much Life Insurance Do New Parents Need?
4. Why do regulators suggest life insurance for a stay-at-home parent?
- A) The law requires it
- B) The family would have to pay for the child care and household work they provide
- C) It replaces a salary
- D) It's cheaper than renters insurance
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Oregon's regulator says the surviving spouse would shoulder all household responsibilities, including child care costs.
Review: Does a Stay-at-Home Parent Need Life Insurance?
4. What do most advisors suggest insuring first in a young family?
- A) The children
- B) The parents' lives and incomes
- C) The car
- D) Nothing
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Triple-I says most advisors recommend life and disability insurance on the parents first.
Review: Does a Stay-at-Home Parent Need Life Insurance?
5. Your policy names your first child by name. What happens to a second child if you don't update it?
- A) They're included automatically
- B) They generally won't receive the death benefit
- C) The insurer splits it evenly
- D) The policy is canceled
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Triple-I says later-born or adopted children won't receive the death benefit unless you change the designation.
Review: Naming Your Children as Life Insurance Beneficiaries: What to Know
5. A children's term rider typically covers a child until about what age?
- A) 5
- B) 21 or 25
- C) 65
- D) For life
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Texas's regulator says coverage typically lasts until the child turns 21 or 25.
Review: Naming Your Children as Life Insurance Beneficiaries: What to Know
6. After a birth, which insurance change usually has the shortest deadline?
- A) Adding the baby to your health plan
- B) Raising renters coverage
- C) Buying life insurance
- D) Changing car insurance
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Health plans set a Special Enrollment deadline: at least 30 days for job-based plans and 60 days on the Marketplace.
Review: Insurance Checklist for a New Baby: What to Update and When
6. Which feature lets you switch a term life policy to permanent coverage without a new medical exam?
- A) Conversion (convertibility)
- B) A children's rider
- C) The grace period
- D) Reinstatement
Practice: you’ve seen the answer to both versions of this question, so it won’t change your Insurance IQ.
Explanation: Texas's regulator says convertibility lets you exchange a term policy for a permanent one without a medical exam, at a higher premium.
Review: Insurance Checklist for a New Baby: What to Update and When

Educational only: this assessment measures what the course teaches. It says nothing about whether your own insurance is adequate, and it isn’t a professional evaluation of your policy.

New Parent: Final Assessment

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