In September 2020, Ms. Sarah arranged health insurance. In 2021, Ms. Sarah made a claim for the costs of an MRI and a cortisone injection, because she had a cyst on the left side of her spine. The insurer requested Sarah's medical notes and found she hadn’t disclosed 2 previous spinal injuries from 2013 and 2016.Ms. Sarah didn't inform her insurance company the full details of her medical history and she said that she wasn't aware that she has to disclose her health situation to the insurance company. Therefore, she Made a claim to her insurance company to cover these bills.Required:Determine whether she can claim the hospital expenses under her insurance policy? And justify your answer with reasonable justifications? Case(3):In September 2020, Ms. Sarah arranged health insurance. In 2021, Ms. Sarah made a claimfor the costs of an MRI and a cortisone injection, because she had a cyst on the left side ofher spine. The insurer requested Sarah's medical notes and found she hadn't disclosed 2previous spinal injuries from 2013 and 2016.Ms. Sarah didn't inform her insurance company the full details of her medical history and shesaid that she wasn't aware that she has to disclose her health situation to the insurancecompany. Therefore, she made a claim to her insurance company to cover these bills.Required:Determine whether she can claim the hospital expenses under her insurance policy?And justify your answer with reasonable justifications?

Insurance is a contractual arrangement in which an individual or entity, known as the policyholder,…

Answered: In September 2020, Ms. Sarah arranged…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In September 2020, Ms. Sarah arranged health insurance. In 2021, Ms. Sarah made a claim for the costs of an MRI and a cortisone injection, because she had a cyst on the left side of her spine. The insurer requested Sarah's medical notes and found she hadn’t disclosed 2 previous spinal injuries from 2013 and 2016.

Ms. Sarah didn't inform her insurance company the full details of her medical history and she said that she wasn't aware that she has to disclose her health situation to the insurance company. Therefore, she Made a claim to her insurance company to cover these bills.

Required:

Determine whether she can claim the hospital expenses under her insurance policy? And justify your answer with reasonable justifications?

Case(3):
In September 2020, Ms. Sarah arranged health insurance. In 2021, Ms. Sarah made a claim
for the costs of an MRI and a cortisone injection, because she had a cyst on the left side of
her spine. The insurer requested Sarah's medical notes and found she hadn't disclosed 2
previous spinal injuries from 2013 and 2016.
Ms. Sarah didn't inform her insurance company the full details of her medical history and she
said that she wasn't aware that she has to disclose her health situation to the insurance
company. Therefore, she made a claim to her insurance company to cover these bills.
Required:
Determine whether she can claim the hospital expenses under her insurance policy?
And justify your answer with reasonable justifications?

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