As a way to still be able to transact with the low-risk individuals,insurance companies can
A)Offer them partial insurance
B)Offer them insurance with deductibles
C)Offer them insurance with co-payments
D)All of the above

Question

​As a way to still be able to transact with the low-risk individuals,insurance companies can
A)​Offer them partial insurance
B)Offer them insurance with deductibles
C)Offer them insurance with co-payments
D)​All of the above

Quizplus · Accepted Answer

Offering partial insurance, insurance with deductibles, and insurance with co-payments are all ways for insurance companies to still cover low-risk individuals while reducing the overall cost of insurance premiums. By requiring the insured to pay a portion of the cost, either upfront (in the case of deductibles) or during each visit (in the case of co-payments), the insurance company can limit their potential losses while still providing some level of coverage to their customers. All three options may be used together or separately, depending on the specific circumstances and the preferences of the insurance company. Therefore, the best choice is D, all of the above.

​As a Way to Still Be Able to Transact with the Low-Risk

As a Way to Still Be Able to Transact with the Low-Risk