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Death spiral is a condition where the structure of insurance plans leads to premiums rapidly increasing as a result of changes in the covered population. It is the result of adverse selection in insurance policies in which lower risk policy holders choose to change policies or be uninsured. The result is that costs supposedly covered by ...
When the CEO of one of the largest medical insurance companies in the United States was gunned down on the street in Midtown Manhattan on Wednesday, his death quickly turned into a larger ...
Among the "qualifying events" listed in the statute are loss of benefits coverage due to (1) the death of the covered employee; (2) an employee loses eligibility for coverage due to voluntary or involuntary termination or a reduction in hours as a result of resignation, discharge (except for "gross misconduct" [4] [5]), layoff, strike or ...
Some life insurance policies, known as accidental death policies, only provide coverage for the insured if they die due to an accident. Causes of death related to illness, medical issues or ...
Unless someone experiences a "qualifying event" (a change in personal circumstances such as getting married or having a baby [7]) outside of the annual enrollment period, annual enrollment is the only time to sign up for individual health insurance under the Affordable Care Act. Annual enrollment used to last for three months; the 2016 cycle ...
AD&D insurance functions similarly to life or health insurance in that it pays out a defined benefit when a covered event occurs, such as accidental death or severe injury. The coverage is fairly ...
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