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AHIP AHM-520 Exam - Topic 1 Question 19 Discussion

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.
B) actuary / underwriter
A) actuary / actuary
C) underwriter / actuary
D) underwriter / underwriter

AHIP AHM-520 Exam - Topic 1 Question 19 Discussion

Actual exam question for AHIP's AHM-520 exam
Question #: 19
Topic #: 1
[All AHM-520 Questions]

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.

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Suggested Answer: B

by Emerson at May 08, 2022, 05:20 PM

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Vi
9 months ago
B is correct, actuaries do the math for rates!
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Barrett
9 months ago
Not sure about this one, feels like both terms could fit.
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Brandon
10 months ago
Wait, are actuaries really that involved in setting rates?
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Graciela
10 months ago
I thought it was C at first, but B makes more sense.
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Stephania
10 months ago
Definitely B, actuary for rates and underwriter for risk!
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Corrina
10 months ago
Okay, let me think this through step-by-step. The key is to identify which statement about the Path-ID is false.
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Jaime
10 months 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.
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