Purpose

This assignment is intended to help you learn to do the following:

• Identify life insurance needs.
• Explain various types of life insurance.
• Explain life insurance riders.

Overview

You will answer review questions in the chapters covered in Module 3. Please note that your professor may assign different questions for you to work on. If so, follow your professor's instruction.

Action Items

1. In Chapter 4 of Dalton et al. (2020), please review:
   1. Practice Portal Question 1
   2. Practice Portal Question 3
   3. Practice Portal Question 7
   4. Practice Portal Question 9
   5. Practice Portal Question 10
2. Then, in a document, write out the answers to these questions.

. Describe the benefits associated with group health insurance plans. 2. What is the difference between basic and major medical health insurance? 3. What is the difference between an indemnity type of plan and a managed care plan? 4. Describe the purpose of, and differences between, the metal tiers.

5. List some of the items required to be provided in the Summary of Benefits and Coverage (SBC) for qualified health plans.

6. What is the purpose of coordination of benefit provisions in group health insurance policies? 7. Describe the different types of renewal provisions. 8. Explain what a preexisting condition clause does. 9. Which employers are required to offer COBRA continuation coverage to their employees? 10. Who, besides the employee, qualifies for COBRA coverage? 11. Explain the tax benefits of HSAs. 12. Describe the greatest disadvantage associated with FSAs. 13. Describe how out-of-pocket maximum works. 14. What are the major types (components) of individual basic health coverages? 15. What is the tax treatment of premiums for employer-provided health insurance? 16. What is the tax treatment of benefits received from a health insurance policy? 17. What is the purpose of Medigap insurance?