a. Describe the major characteristics of Blue Cross and Blue Shield plans. b. Why do many employers

Question:

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?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

See More Books

Question Posted: Jan 30, 2015 07:43 AM

See More Questions

Blue Cross and Blue Shield System (BCBS), which provides healthcare insurance to nearly 33 percent of Americans, is a successful user of predictive analytics. It has established a database that...
Describe the major characteristics of a Roth IRA.
Why do many employers who are not unionized require their employees to sign pre-employment arbitration clauses?
Answer the Multple Choice Questions and the code for problem 6in the end PROBLEM 1: General UNIX 1. What is UNIX? a) an operating system b) a text editor c) programming language d) software program...
Erica Lottsbriner invests $12 000 so that part of her investment earns interest at 4% per annum and part earns 6% per annum. If the total annual interest on the investment is $560, how much has Erica...
Serenity, Inc. is authorized to issue 5%, 10-year bonds payable. On January 1, 2016, when the market interest rate is 8%, the company issues $700,000 of the bonds. The bonds pay interest...
Suppose that a stock will pay a dividend of amount $D$ at time $\tau$. We wish to determine the price of a European call option on this stock using the lattice method. Accordingly, the time...
A bank has written European a call option on one stock and a European put option on another stock. For the first option, the stock price is 50, the strike price is 51, the volatility is 28% per...
Enterprises often leverage on information systems (IS) to achieve competitive advantage. Explain any FOUR (4) strategies for competitive advantage. For each strategy, provide ONE (1) relevant example.
A random sample of final examination grades for a college course follows. Use = .05 and test to determine whether a normal distribution should be rejected as being representative of the population's...
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 d....
a. 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...
Each object has _______ that specify information about the object. (a) Methods (b) Messages (c) Procedures (d) Attributes
Which should we be more concerned with: traditional property damage and invasion, or property damage and invasion with computers?
Why do some states treat armed robbery different than other forms of robbery?
In April 2002, Stallings was incarcerated at the Algoa Correctional Center, having served thirteen years of his twenty-three year sentence for various felony offenses. He worked as a clerk in the...
What is the difference between physician-assisted suicide and euthanasia? Which, if either, is criminal?
Appellant was charged with, among other things, armed robbery and possession of a firearm during a crime of violence, both arising from an incident in which, according to the indictment, he forcibly...
If I want to compute the integral using two point Gauss quadrature, at what values of x do you evaluate the function x cos x ? So xos x dx
Critical reading SAT scores are distributed as N(500, 100). a. Find the SAT score at the 75th percentile. b. Find the SAT score at the 25th percentile. c. Find the interquartile range for SAT scores....
Statement 1: Businesses always want to sell their products at higher prices, this way they take in greater revenue. Statement 2: If wages go up on average then the workers, the people who earn the...
a. Define the term "conditions." b. Does the insurer have to pay an otherwise covered loss if the insured fails to comply with the policy conditions? Explain your answer.
a. What is an endorsement or rider? b. If an endorsement conflicts with a policy provision, how is this problem resolved?
Describe a typical coinsurance clause in an individual or group medical expense insurance policy.
How would Stephanies investing decisions be affected if she were 35 years old? If she were 50 years old? Amount of Insurance Needed. Considering the information in the previous problem, how much life...
Jamie Lee and Ross have been hearing many stories recently about acquaintances who are passing away without leaving a will, which made Jamie Lee and Ross anxious to review their estate plan with an...
What are the companys top risks, how severe is their impact and how likely are they to occur?

a. Describe the major characteristics of Blue Cross and Blue Shield plans. b. Why do many employers

Question:

Step by Step Answer:

a Blue Cross and Blue Shield plans are medical expense plans that cover hospital expens...View the full answer

Principles of Risk Management and Insurance

Students also viewed these Corporate Finance questions