Several Retrospective Plans with Various Minimum and Maximum Premium Stipulations

question 66

True/False

Several retrospective plans with various minimum and maximum premium stipulations are available.A plan with a low minimum and a low maximum premium payment is cheaper, but this puts most of the burden of the experience on the employer.

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Definitions:

Fetal Demise

The death of a fetus at any stage of pregnancy before birth.

Perinatal Loss

The death of a baby during the late stages of pregnancy, during birth, or shortly after birth, a deeply impactful event for families.

Drug Abuse

The deliberate use of drugs for non-medical purposes, leading to physical, mental, social, or legal problems.

Substance Misuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs, leading to negative health, social, or legal outcomes.