List the new protections that are available under the Health Care Reform Act of 2010
What will be an ideal response?
The Health Care Reform Act provides a number of new protections for insured persons.
• Prevent insurance companies from denying health care insurance to individuals with preexisting health conditions
• Prohibit health insurance companies from terminating health insurance coverage when a person gets sick
• Prohibit insurers from establishing an annual spending cap for benefit payments
• Prohibit insurers from imposing lifetime limits on benefit payments
• Require health plans that provide dependent coverage to continue coverage for a dependent child until the child turns 26 years of age
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Deductibles are not used in homeowners insurance.
a. true b. false
Why might one want to select the lump-sum payment option for one's retirement funds?
A) Taking the lump-sum can be a hedge against inflation. B) The lump-sum option provides greater flexibility than other options. C) You can invest the funds and perhaps earn a higher return. D) Having access to the funds provides money for emergencies. E) All of the above