FI 341 Study Guide - Midterm Guide: High-Deductible Health Plan, Universal Life Insurance, Health Reimbursement Account
Document Summary
Fi 341 principles of risk management & insurance. * it is important for you to know all the key concepts and terms for every chapter (or the terms from assigned sections if an entire chapter is not covered. Summaries condense much valuable information that you should know. Chapter 15. (note: limit your studying to the following pages: pages 296 303 (stop at health-care. Reform; this topic is covered in chapter 16). Pages 309 313 sections on individual medical expense. Insurance company operations . (note: limit your studying as follows: pages 103 113) Chapter 16: employee benefits: group life and health insurance. Ppo, however, if patients elect to receive care outside the network, the care is covered, but the patients must pay substantially higher deductibles and coinsurance chargers. Review questions: how does ratemaking, or the pricing of insurance, differ from the pricing of other products- the insurance company does not know in advance what its actual costs are going to be.
