EH1 week 6 Flashcards
1
Q
by what % can private health insurance companies increase the insurance policies after an individual reaches 30 years old?
A
by what % can private health insurance companies increase the insurance policies after an individual reaches 30 years old?
answer:
2% per year.
Exp: if someone takes private health insurance (PHI) at 40,
PHI company can charge; base premium + 20%
2
Q
Does the federal government give rebates to people/families that take out private health insurance?
A
does the federal government give rebates to people/families that take out private health insurance?
Answer:
yes, if they are of a certain age and make a certain income.
