Author Question: A key feature of group medical expense plans is the employee being required to pay a percentage of ... (Read 146 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
A key feature of group medical expense plans is the employee being required to pay a percentage of covered expenses in excess of the deductible. This feature is
 
  A) other insurance.
  B) coinsurance.
  C) pro-rated insurance.
  D) reinsurance.

Question 2

All of the following are reasons why employers self-insure medical expense plans EXCEPT
 
  A) to reduce certain costs, such as premium taxes and commissions.
  B) to provide mandated state benefits.
  C) to retain funds until needed to pay claims.
  D) to eliminate the need to comply with separate state laws.



amcvicar

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

For a complete list of videos, visit our video library