Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN: 9780357033609
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
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Question
Chapter 9, Problem 1FPE
Summary Introduction
To evaluate: The current health insurance situation of an individual, its coverage, gaps if any, additional requirements, type of plan to be selected in future and the reason for choosing that plan and the steps to reduce the health cost.
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Chapter 9 Solutions
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
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- List the few factors you should consider when evaluating the benefits of health insurance .What are the policy's sibling benefits? What exceptions lead to an emergency room visit? What is the potential cost of coverage ?arrow_forwardWhat were your feelings about your need for life insurance before you read this chapter? What are they now? What is the difference between Term and whole life insurance? Which one do you prefer? and why?arrow_forwardWhat are the problems with return on premium life insurance? What type of individual would purchase decreasing term insurance?arrow_forward
- Do risk influence people to go for insurance? What is the relationship between risk and insurance?arrow_forwardPlease add a source to the question. If you do want to elect COBRA coverage, what are some important considerations to make sure your health insurance coverage is not interrupted?arrow_forwardWhy is health insurance a necessity?arrow_forward
- How much life insurance does an individual need?arrow_forwardIn the context of the health insurance and the life insurance, choose the sentence that IS NOT CORRECT: * The deductible in a health insurance is an amount of money the insured must pay before benefits become payable by the insurance company. When we buy a health insurance, we should make sure that we have enough insurance (the opportunity cost of not being adequately insured can be extremely high), but without wasting money by overinsuring Group Health Insurance (most of them being employer sponsored) represents a small percentage (around 5%) of all health insurance issued by health and life insurance companies. In a life insurance, a person purchases a policy by paying a premium and the insurance company promises to pay a sum of money at the time of the policyholder’s death to the designated beneficiary.arrow_forwardHow does the imperfect information in insurance markets cause an increase in health care costs? Explain with great detail.arrow_forward
- The health care industry is changing. Differentiate among the major types of health care plans and identify the plan that would meet your health care needs.arrow_forwardWhat are your recommendations for Insurance companies ?arrow_forwardWhat are the benefits of ERM compared to regular insurance?arrow_forward
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ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Cengage Learning