Tag: general knowledge

Claim costs = hospital expenses + surgical expenses+physicians fees + major medical expenses

Claim costs = frequency of expected claim * average amount of each claim

Claim Costs = (hospital expenses + Board Expenses ) * frequency of claims

None of the Above

From the actual morbidity experience of all those groups it expected to have normal morbidity

From morbidity experience of that group

a& b

None of the above

Insurance Act dealing with Adjustment benefits

provides for periodic increases in disability income amount corresponding to increase in Cost of Living

a consumer price index used for calculating the Inflation cost for insurance claims

Its a mental health parity act

Medicaid

Medicare

Old-age insurance

Managed

A policy couples should purchase when they have children.

Insurance policies adult children should take out on their older parents to cover dependent care expenses.

Policies individuals over 65 are required to purchase

An individual insurance policy to help when you are unable to care for yourself due to prolonged illness or disability

A plan to assist the Professional Parents Organization.

A Preferred Provider Organization allowing preferred providers (doctors) to have direct contact with their policyholders.

A Preferred Provider Organization where providers contract with an insurance company or health plan to offer services

A plan for employees of organizations named with three letters, such as NBC and SBC

When an insurance company decides they don’t like you, they can "exclude" you. Saying "pre-existing condition" makes it official.

There are no benefits for a condition for which you are receiving treatment or have been advised to receive treatment

It means the company will not pay claims for a condition that runs in your family

Both A and C are possible reasons for an exclusion.

Out of pocket expense

Deductible

Co-Pay

Doctor's fee

Social Security

Medicaid

Medicare

Supplemental Security

Accounts offered by employers to let employees set aside pretax dollars to pay for insurance premiums

A health insurance contract that protects all members of a certain group against a specific hazard

The warmest of all insurance policies

Alliances between physicians and hospitals to help providers attain market share