front 1 Premium | back 1 the cost of the insurance paid in periods - annual, semi - annual, Monthly, 1/4 Health insurance policies don’t extend past one year |
front 2 Premium Mode/Mode of Premium | back 2 the schedule of payments for insurance Insured picks date |
front 3 Risk Characteristics | back 3 combination of risk characteristics to establish rates. |
front 4 Risk Pooling | back 4 allows the higher costs of the less healthy to be offset by the lower costs of the healthy, either in a plan overall or within a premium rating category |
front 5 Morbidity Rate | back 5 rate at which disease occurs in a group of people over a given period of time NOT: mortality rate, which is the frequency of death in a given population |
front 6 TAX TREATMENT OF HEALTH INSURANCE PREMIUMS AND BENEFITS (only as listed) | back 6 premiums - if your medical expenses including premiums paid exceed 10% of your adjusted gross income in any tax year, you may be able to take a deduction on the amount exceeding 10%. |