Which of the Following Statements Is True About Health Insurance

question 3

Multiple Choice

Which of the following statements is true about health insurance contracts?

• A) Health insurance contracts traditionally do not provide coverage for medical expenses resulting from preexisting conditions.
• B) Most people receive their insurance coverage from individual policies that are provided by employers.
• C) The Consolidated Omnibus Budget Reconciliation Act prevents companies that do not provide portable health insurance contracts from issuing group policies.
• D) Portable health insurance contracts allow insurance companies to stop covering people who change their jobs.

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Definitions:

Median

The middle value in a sorted list of numbers, dividing the dataset into two halves.

Set Of Data

A collection of values or observations that can be analyzed statistically.

Mode

The most common number found in a given set of data, marked by the greatest peak on a frequency distribution chart.

Frequency Distribution

A summary of how often various values occur in a data set, often represented in a table or graph.