Principles of Risk Management and Insurance, 13th Edition

Review Questions

1. Describe briefly the major healthcare problems in the United States.

2. Identify the major provisions of the Affordable Care Act that have a significant impact on individuals and families.

3. 1. a.

      Describe the basic characteristics of individual medical insurance.

   2. Explain the reasons for deductibles and coinsurance in medical expense policies.

4. Briefly explain the major characteristics of a health savings account (HSA).

5. Briefly explain the following characteristics of long-term care insurance.

   1. Types of long-term care policies

   2. Triggers to become eligible for benefits

   3. Exclusions

   4. Protection against inflation

6. 1. a. Explain the various definitions of disability that are found in disability-income insurance.

   2. Briefly explain the following disability-income ...