Chapter 7- Insuring your health and your life PF Qs&As
Chapter 7- Insuring your health and your life PF Qs&As insurance - ANSWER-a financial product that when purchased provides reimbursement paid to a person in the event of certain types of financial loss health insurance - ANSWER-a financial product that provides payment for medical services when people suffer a financial loss as a result of illness or injury What is the most expensive way to obtain health insurance? - ANSWER-Private Companies Premium - ANSWER-Regular payments paid to an insurance company in return for insurance coverage. Medicare - ANSWER-Government sponsored health insurance funded by taxes that most working people pay Medicaid - ANSWER-health insurance for low-income individuals What can college students purchase? - ANSWER-inexpensive health care plan that provides limited coverage Do older people have a greater need for health insurance? - ANSWER-Yes, more risk Fradulent claims have ______ the cost of health insurance _________ - ANSWER-driven, higher When does fraud occur? - ANSWER-when someone submits false information in order to get a financial benefit. Indemnity plans - ANSWER-These plans allow you to use any doctor, hospital or specialist you choose CONTINUES...
Document information
- Uploaded on
- January 27, 2024
- Number of pages
- 3
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
