Jennifer, age 28, is divorced and has a son, age one. Six months ago, Jennifer purchased an individual medical insurance policy covering the entire family. Her son was recently diagnosed with congenital heart disease. When Jennifer submitted the medical bill for her son’s treatment, the insurer attempted to deny payment on the grounds that Jennifer had concealed her son’s heart condition because the condition was not disclosed in the application at the time the policy was purchased. Can the insurance company legally deny payment of the claim under the Affordable Care Act? Explain your answer.
Answer to relevant QuestionsSeveral types of risk are present in the American economy.For each of the following, identify the type of risk that is present. Explain your answer.a. The Department of Homeland Security alerts the nation of a possible ...a. Explain the meaning of enterprise risk.b. What is financial risk?Brandon, age 23, recently graduated from college. He is insured as a dependent under his father’s group health insurance policy, which provided coverage for him as a student until he graduated. However, he has been unable ...Explain the definition of disability used in the OASDI program.Explain how personal liability insurance can be added to a dwelling policy.
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