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The following paragraph contains two pair of terms enclosed in parentheses. Determine which term in each pair correctly completes the statements. Then select the answer choice containing the two terms you have chosen.
In a typical health plan, an (actuary / underwriter) is ultimately responsible for the determination of the appropriate rate to charge for a given level of healthcare benefits and administrative services in a particular market. The (actuary / underwriter) assesses and classifies the degree of risk represented by a proposed group or individual.
Suggested Answer: B
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7 comments · newest first
VI
Vi
1 year ago
B is correct, actuaries do the math for rates!
BA
Barrett
1 year ago
Not sure about this one, feels like both terms could fit.
BR
Brandon
1 year ago
Wait, are actuaries really that involved in setting rates?
GR
Graciela
1 year ago
I thought it was C at first, but B makes more sense.
ST
Stephania
1 year ago
Definitely B, actuary for rates and underwriter for risk!
CO
Corrina
1 year ago
Okay, let me think this through step-by-step. The key is to identify which statement about the Path-ID is false.
JA
Jaime
1 year ago
This looks like a straightforward question about project management plans. I'll need to remember the different types of plans and which one is associated with the Business Case during the Initiating a Project process.