Question

The fundamental principle of insurance underwriting is that the cost of health care can be predicted for:___.

Answer 1

The fundamental principle of insurance underwriting is that the cost of health care can be predicted by healthcare policy.

• A healthcare policy applicant's eligibility is assessed by medical insurance underwriters.
• In addition to reviewing each individual's medical history, they may also take into account their age, career, credit score, and housing circumstances. Each application is approved or rejected by an underwriter.
• The two most significant factors in health insurance are work and medical history. Group life plans and group health insurance underwriting are similar. Typically, the group is assessed collectively rather than individually. The entire group is either accepted or declined for coverage based on the risk profile of the group.

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