640 Class 13 Outline

640 Class 13 Outline - Class 13 Outline Business Finance...

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Class 13 Outline Business Finance 640 - Insurance and Risk Winter Quarter, 2008 Group insurance is an important source of protection for most people. We will begin this class with an overview of the basic characteristics of group insurance as a whole. Next, we will review the basic principles of group underwriting and the requirements for eligible groups and employees. We will examine specific kinds of group insurance plans, starting with group life insurance. Our examination will also include a brief review of group term, group AD&D and group universal life plans. From this, we will transition to group medical expense insurance. We will remind ourselves that group health insurance accounts for 90% of all health insurance premiums. In this context, we will discuss the major characteristics of managed care plans, such as health maintenance organizations (HMOs) and preferred provider organizations (PPOs). We will touch briefly on health savings accounts and patients’ bill of rights initiatives and then review the major contractual provisions of group medical expense plans. Next, we turn our attention to group disability income plans,
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640 Class 13 Outline - Class 13 Outline Business Finance...

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