Which of the Following Are Components of a Health Insurance

question 14

Multiple Choice

Which of the following are components of a health insurance premium?

• A) Medical loss and administrative load
• B) Medical loss and claim reserves
• C) Administrative load and claims processing costs
• D) Administrative load and profit

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Definitions:

Legalistic Management

A management style that heavily relies on following rules, regulations, and formal procedures to govern decisions and actions within an organization.

Authoritarian Management

A leadership style characterized by strict control over all decisions and little input from team members.

Cooperative Motivation

The drive that emerges when individuals work together towards a common goal, emphasizing collaboration and teamwork.

Civil Rights Act Of 1964

A landmark piece of US legislation that outlawed discrimination based on race, color, religion, sex, or national origin, paving the way for equal employment opportunities.