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Health Insurance for the Elderly: Owning Duplicate Policies is Costly & Unnecessary
Health Insurance for the Elderly: Owning Duplicate Policies is Costly & Unnecessary
 
Our Price: $30.00
Year: 1994
Pages: 26
Binding Paperback

Product Code: 0788141740

Description
 
Thomas Dowdal, William Hamilton, & Jerry Baugher. The Omnibus Budget Reconcil. Act of 1990 amend. Fed. require. for Medicare supplemental (Medigap) insur. policies. One of the changes prohibits the sale of health insur. (HI) policies that duplicate coverage beneficiaries receive under Medicare or other HI. The insur. industry complained that this prohibition prevented them from selling policies such as hospital indemnity insur. (which pays a set amount  for each day a person is hospitalized) to Medicare beneficiaries (MB) & from selling Medigap policies to MB who have employer sponsored retiree health plans. The insurers believed that selling such policies to MB would provide them worthwhile & important coverage. In 1991, 86% of the 28 million elderly MB had some form of additional HI.

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