Identify benefits provided by basic medical expense plans

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Reference no: EM132173229

REVIEW QUESTIONS -

1. Describe the basic underwriting principles that are followed in group insurance.

2. Explain the typical eligibility requirements that employees must meet in group insurance plans.

3. Briefly describe the following types of group life insurance plans:

a. Group term life insurance

b. Group accidental death and dismemberment insurance (AD&D)

c. Group universal life insurance

4. a. Describe the major characteristics of Blue Cross and Blue Shield plans.

b. Why do many employers self-insure (self-fund) their group medical expense plans?

5. a. Identify the benefits provided by basic medical expense plans.

b. Briefly describe the major characteristics of the following group major medical insurance plans.

1. Supplemental major medical insurance

2. Comprehensive major medical insurance

6. a. What is a managed care plan?

b. Briefly explain the basic characteristics of the following types of managed care plans:

1. Health maintenance organizations (HMOs).

2. Preferred provider organizations (PPOs).

3. Point-of-service (POS) plans.

Reference no: EM132173229

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