Get Answer: Have Groups People Question Guide

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What This Question Is About

This question relates to have groups people and requires a structured academic response.

How to Approach This Question

Break the problem into smaller parts and analyze each logically.

Key Explanation

This topic involves have groups people. A strong answer should include explanation, application, and examples.

Original Question

ou have two groups of people: a group\ of 20- to 40-year-old truck drivers (lower health risk) and a group of 60- to 80-year-old truck drivers (higher health risk). Both employee groups have lower health risk than people of the same age in the general population. Which of the following statements is true if you insured these groups’ health risk using experience rating as opposed to community rating? Select all that apply. Under experience rating, the healthy individuals subsidize the sick within the employed group. Under experience rating, the overall premiums for the truck drivers beneficiaries would be higher than if the community rating method was used. Under experience rating, the younger truck drivers would subsidize the older truck drivers’ higher health risk with their monthly premiums. Under experience rating, the insurance company would only provide insurance to the lower health risk truck drivers group for a lower premium, not the higher health risk older truck driver group.

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