In the Pure Community Rating Approach to Health Insurance Premium

question 13

Multiple Choice

In the pure community rating approach to health insurance premium pricing, all policyholders in an area pay:

• A)a premium equal to the premium payable to the federal or state insurance exchange for a similar insurance policy.
• B)premiums based on their family size, where they live, whether they use tobacco, and their age.
• C)the same premium without regard to their personal health, age, or gender.
• D)the premium as a contribution to a community pool of funds and utilize it on a need basis.
• E)premiums at varied rates based on their health status or claims history.

Analyze the causes and effects of trade deficits and surpluses.

Understand the relationship between the current account balance and the capital and financial accounts balance.

Recognize the significance of remittances and other transfers in the balance of payments.

Interpret how international investment and debt forgiveness transactions impact the financial account.

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Definitions:

Departmental Overhead Rate

The rate used to allocate overhead costs to individual departments based on certain criteria or activities.

Cost Assignment

The process of identifying, aggregating, and assigning costs to cost objects, such as products, services, or departments.

Plantwide Overhead Rate

A single overhead rate calculated by dividing total factory overhead by the total amount of a chosen allocation base, applied uniformly across all production.

Activity-based Costing (ABC)

A costing method that assigns overhead and indirect costs to related products and services based on their usage.