The main function of health insurance is: Question 1 options: To make healthcare free To reduce total spending on healthcare To pool the risks of healthcare costs All of the above

The purpose of the Health Insurance Marketplace is to:A.provide low-cost health insurance coverage to children.B.encourage cooperation and create lower costs for insurers.C.provide health insurance coverage to people 65 and older.D.encourage competition and lower health insurance costs for users.

Which of the following is an advantage to using a traditional health insurance plan?Low premiumsNo deductibleNo maximum amount that must be spent before discounts applyFreedom to use any healthcare provider

Which of the following is a strategy used by managers to control the costs of health care?Question 15Answera.offering defined benefit pension plansb.offering a short vesting period on pension plansc.offering long-term disability plansd.offering workers' compensation insurancee.offering wellness programs

The primary function of insurance is to maintain yourexisting level of wealth.

Healthcare is an employee benefit that is not altered to cut costs because of its sensitive nature.Group of answer choicesTrueFalse