A good health insurance plan embodies more than financing medical expenses,lost income,replacement services; it incorporates ___________.

Question

A good health insurance plan embodies more than financing medical expenses,lost income,replacement services; it incorporates ___________. ​

Quizplus · Accepted Answer

A good health insurance plan should not only provide financial coverage but also means of risk reduction such as risk avoidance. It should have provisions for promoting wellness and disease prevention, as well as providing access to quality healthcare services at an affordable cost. Options A, B, and C are not suitable choices as they do not adequately describe elements that make up a good health insurance plan. Social Security benefits are a separate program that provides retirement and disability benefits, flexibility in insurance premium payments is not a defining characteristic of good health insurance, and lifetime limited dollar insurance coverage on pre-existing conditions is not desirable or beneficial for policyholders.

A Good Health Insurance Plan Embodies More Than Financing Medical