Employee Benefits Archives - Page 4 of 4

A is for:

“ADVERSE SELECTION”

GreyA Adverse selection is the tendency for higher risks to seek more insurance coverage than lower risks.

Example: A 57 year old female with diabetes and a history of chronic illness would have a tendency to seek more health insurance coverage than a healthy 23 year old male.

Interesting Point: As it stands (starting in 2014) adverse selection will no longer be an underwriting consideration in the health insurance industry. Why? Because those who apply for coverage, must be accepted. This is known as guaranteed issue.

Thanks for stopping by, we hope our information was valuable to you. Check back at our blog to get further information about funding healthcare. Also, please share with your friends, clients, colleagues, and family. Here are a few of our other information outlets:

Home Page: https://policyadvantage.com

Twitter: http://www.twitter.com/policyadvantage

Facebook: http://www.facebook.com/policyadvantage

YouTube: http://www.youtube.com/policyadvantage

Pinterest: http://www.pinterest.com/policyadvantage

Word Press (you are here): http://www.policyadvantage.wordpress.com

Thanks for stopping by; we’re glad that you’re here. We have a lot of great information to share with you.

Over the course of the next few years, there will be many things taking place in our industry! Stay tuned… we’re going to get you some valuable information. This is information that will help you save money while you put all the pieces together.

PolicyAdvantageJPEGLogo

For those who are wondering, we help individuals and organizations put together strategies to pay for their healthcare services:

You may be looking for an insurance plan, a dental plan, or even an alternative funding tool (ie: something like a health savings account or health reimbursement arrangement). You might also be trying to understand more about new government options… or… you could be looking at ways to potentially save some tax dollars. Regardless of what you’re looking for… we provide relevant, current information on topics like these.