When should you consider buying health care insurance on a healthcare exchange?
What will be an ideal response?
Healthcare exchanges are designed to help people that don't have insurance on their own, or don't have insurance through their employer. If you already have health insurance through your job or through a public program like Medicare, Medicaid, or the Veteran's Administration (VA), you don't need to buy insurance through the exchange. If your employer provides you with health insurance through an employer-sponsored plan, you probably want to avoid the exchanges and buy the insurance through your employer. You can buy insurance on an exchange if you want, but you probably won't qualify for a subsidy and you would lose the contribution your employer makes toward your health insurance premium.
You might also like to view...
Identify the adverb or adverbs in the sentence. Oh, no! When the e-mail went out, it had a really bad virus!
To successfully assert a design defect, a plaintiff has to show that no reasonable alternative design was available
Indicate whether the statement is true or false
The set of all possible outcomes from a random experiment is called the sample:
A) population. B) space. C) probability. D) event.
Three decision makers have assessed payoffs for the following decision problem (payoff in dollars).
? Decision Alternative State of Nature s1 s2 s3 d1 15 40 -20 d2 60 80 -80 ? ? The indifference probabilities are as follows: ? Indifference Probability (p) Payoff Decision Maker A Decision Maker B Decision Maker C 80 Does not apply Does not apply Does not apply 60 0.70 0.95 0.87 40 0.50 0.90 0.74 15 0.30 0.80 0.59 -20 0.15 0.60 0.37 -80 Does not apply Does not apply Does not apply ? a. Plot the utility function for money for each decision maker. b. Classify each decision maker as a risk avoider, a risk taker, or risk neutral.c. For the payoff of 40, what is the premium that the risk avoider will pay to avoid risk? What is the premium that the risk taker will pay to have the opportunity of the high payoff? What will be an ideal response?