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Life, accident, health- MN > LAH- MN regulations- health > Flashcards

LAH- MN regulations- health Flashcards

1
Q

free look period for life insurance ?

replacement policies?

A

10 days

30 days

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2
Q

Commissioner of commerce duties:

A

elected by governor
can assist with making rules and regulations
examine records (must every 5 years)
CANT make laws, only enforce them

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3
Q

commissioner orders:

- fine amount?

A
  • restore deficiency

- cease and desist= 10,000$ fine for each day

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4
Q

notice and hearings from insurer or agent from the commissioner
- amount of days to notice and appeal?

A

30 days to appeal at hearing

30 days for commissioner to hold hearing

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5
Q

Forms and rates must be approved by commissioner before use or how many days have gone by without hearing from commish’s.?

A

60 days elapsed without hearing anything

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6
Q

Reciprocal insurer

A
  • UNincorporated group
  • insure EACH OTHER and share losses with each other
  • attorney in fact manages it
  • no life insurance
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7
Q

mutual insurer

A 
owned by policyholders 
can participate in dividends 
        - refund of premium = NOT taxed
board of directors = management 
legal reserves (non assessable)
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8
Q

stock insurers

A

general public and don’t have to be policy owners
-(subscribers)= shareholders/owners
board of directors
non participating policies (policyholders don’t get dividends)
- stockholders do

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9
Q

fraternal insurers

A

lodge system
solely for the benefit of its members
member get certificates

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10
Q

subrogation

A

legal right of insurance company to sue a third party who caused the loss to the insured

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11
Q

LTC study requirements

A

8 study hours

4 ours of continuing education every 2 years

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12
Q

annuity training

A

one time 4 hour course

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13
Q

continuing education

A

24 credit hours per 2 years

3 hours in ethics

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14
Q

license expiration

A

Last day of birth month every 2 years (3 years for first one)

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15
Q

temporary license

A

180 days
surviving spouse
employee of the business entity
disgnee of a producer who is going into armed forces

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16
Q

change of address days to notify?

A

10 days

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17
Q

commissioner must notify agent of nonrenewable in writing as to why

  • the agent has ___ days to respond?
  • hearing must be held in ___ days after response from agent?
A

30 days

30 days

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18
Q

revoked license for how long?

A

minimum 2 years and 20,000$ performance bond (filed with commissioner)

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19
Q

amount fine per violation to a producer?

A

10,000$

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20
Q

appointment of insured to the insurer rules?

A

must be appointed by insurer

or

permission to transact business on behalf of insurer AND obtains appointment within 15 days of first application

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21
Q

insurer rules to appoint an agent?

A

file notice of appointment within 15 days of contract or first application of insured

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22
Q

commissioner wil verify appointment in how many days if eligible?

if ineligible?

A

30 days

5 days

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23
Q

termination of appointment:
1- if insurer terminates agent appointment, how many days to commissioner?

2- notice to agent from insurer?

3- agent file appeal of termination with commissioner days?

A

30 days

15 days

30 days

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24
Q

penalty to insurer for not filing appointment is?

___ $ per offense (per sale of unappointed agent)

____$ max amount

days to pay fine to commissioner after notice?

A

25$ per

300$ total

10 days

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25
Q

agent administrative action must be notified to commissioner within___ days?

A

30 days

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26
Q

criminal PROSECUTION of agent must notify commish within ___days?

A

30 days

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27
Q

agent criminal CONVICTION/plea notify commish with ___ days?

A

10 days

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28
Q

reinstating a lapsed license must be done within how many months???

A

12 months (1 year)

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29
Q

rebating

  • legal amount?
  • fine amount for penalty?
A

offering or giving something in exchange for a sale

  • anything over 25$ is considered rebating
  • 60 to 200$ per violation
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30
Q

twisting

A

replacing one policy for another policy without benefit to insured

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31
Q

advertising material includes:

A 
printer and published material
audio
descriptive literature
radio or television
billboard
circulars or leaflets
form letters
prepared sales talks/presentations
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32
Q

number of years loan records must be kept?

A

6 years

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33
Q

policies must be delivered with how many days to insured?

A

30 working days

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34
Q

financial and complaint records of agents must be held for how many years?

A

6 years

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35
Q

agent must request refund from insurer within how many days after receiving cancellation notification from insured?

how many days must refund be issued in once received by agent from insurer?

A
  • 10 days

- 5 days

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36
Q

company complaint records must be kept on file for how many years?

A

4 years

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37
Q

policy forms, applications and advertisement and claim records:

must be kept on file for how many years?

A

3 years

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38
Q

flesch scale is what?

A

readability of insurance policies

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39
Q

after policy termination, all unearned premium must be returned within how many days after insurer receives request?

A

30 days

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40
Q

oral binders must be followed up in writing within how many days?

A

5 days

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41
Q

must have written or verbal communication(followed up in writing) of the agents?

A

name
company they represent
that they are in the business of selling insurance

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42
Q

sources other than the application that underwriters use with permission from potential insured?

A

driving records
medical records
credit reports from consumer reporting agency

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43
Q

fair credit reporting act says:

A

must notify consumer in BOTH verbal and writing when credit report is being done (and provide a copy if the consumer wants it)

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44
Q

adverse credit information stays on report for how many years?

A

7 years

10 years for bankruptcy

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45
Q

gramm leach billey act:

A

insurance companies must disclose their privacy policies

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46
Q

guaranty association

A

protects insured from the solvency or bankruptcy of an insurer
- association pays unpaid claims from the company

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47
Q

policyholders rights must be given at?

A

time of application or with 72 hours (3days) if not taken in person

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48
Q

if mailed, it is considered notified by when?

A

postmarker, properly addressed, prepaid postage

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49
Q

how many days until refund of free look period after insurer receives cancellation and policy?

A

10 days

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50
Q

if NO cancellation policy is described in a policy…how long do the insured have to cancel and still get a full refund?

days until refund is issued?

A

1 year

10 days

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51
Q

amount of credit insurance that can be issued

A

principal amount PLUS 1 monthly payment

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52
Q

after 63 months, the amount should not exceed what?

A

unpaid loan amount - interest unearned + 2 monthly payments

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53
Q

group life insurance COBRA (continuation)
- length of coverage?
- time to convert?
premiums payment?

A
  • 18 months(or until other coverage is obtained),
  • 60 days to elect conversion coverage
  • can’t exceed 102% of plan cost for premiums paid by individual
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54
Q

death of COBRA group life employee during the 60 day sign up/continuation period…what happens?

A

coverage is in force and death benefit is paid as normal minus the unpaid premiums

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55
Q

conversion of group life

A

allowed terminated employee and dependents to convert to INDIVIDUAL policy with NO insurability proof, paid by individual

  • similar benefits as the group policy
  • 30 days
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56
Q

settlement contracts of life insurance

A
  • can’t agree before or within first 4 years of contract

- must not have knowledge of testing results within the 18months prior to policy effective date

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57
Q

change of ownership or beneficiary, insurer must respond within what time length? - life

A
  • 30 calendar days written notice
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58
Q

notice regarding replacement must be issued by when?

  • signed by both parties and left with who?
  • copy submitted with what to replacing insurer?
A

at the time of application (taking application)

  • signed by both parties and left with INSURED
  • signed copy of notice and application must be turned in to insurer
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59
Q

replacing insurer must notify the existing insurer within how many days of receiving replacement notice and application?

A

written notice within 5 working days

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60
Q

ALL replacement life insurance information must be kept on file for how many years? (notice of replacement, application, existing insurer, agent signings)

A

6 years

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61
Q

replacement Exemptions are?

A

credit life
group life or group annuities
within same insurance company
policies still under receipt

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62
Q

coverage of health for physically disabled child must be notified to the insurer by when?

A

31 days before dependent child reaches policy age limits (every 2 years after that)

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63
Q

newborns and children coverage from when? (includes adoption)

  • up to what age?
  • covers what?
A

covered immediately at birth (no notice required)- additional premiums will be charged

  • up to age 19, anything initiated before age 19
  • medical and dental (orthodontic and surgery for ONLY cleft lip or palet)
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64
Q

health and accident conversion/continuation must be at least what for renewability?

A

guaranteed renewable

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65
Q

health and accident conversion/continuation must be the same for survivors until when??

A

surviving spouse becomes covered under new group plan OR coverage would have terminated as normal (without the death of insured)

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66
Q

survivor in H&A has how many days after notification to make premium or fee payments?

  • how many days must insurer send written notice of cancellation?
  • premiums now paid by survivor should not exceed?
A

90 days

  • 30 days before cancellation
  • 102% of plan cost
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67
Q

termination of employee COBRA continuation coverage in H&A

  • length of coverage?
  • preexisiting conditions, what is primary?
  • child birth during continuation period?
  • premium amount?
  • time to elect coverage?
A
  • 18 months (or new coverage is obtained)
  • preexisting conditions MUST still be covered under old plan for 18 months if new plan doesn’t cover them
  • child is automatically part of new plan if there is one
  • not more than 102%
  • 60 days to elect coverage
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68
Q

CONVERSION of H&A from group to individual

  • time to make conversion and premium payment?
  • insurability?
  • coverage amount?
A
  • 30 days to convert after continuation period
  • no proof of insurability
  • minimum qualified plan benefits
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69
Q

divorced spouse and dependents

  • continuation of coverage?
  • conversion of coverage how many days to elect?
A

automatically continuation of coverage, and premiums paid by the dependent to the policyholder (who then pays the insurance company)

  • 30 days after continuation coverage to elect and pay premium for conversion coverage to individual coverage
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70
Q

mental health and chemical dependency must be treated as such?

A
  • same as any other patient in the hospital covered under the Affordable Care Act
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71
Q

grace periods length for premium payments in H&A?

  • weekly
  • monthly
  • quarter, semi, or annual
A
  • 7 days
  • 10 days
  • 31 days
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72
Q

grace periods length for LIFE policies?

A

31 days (1 month)

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73
Q

reinstatement for H&A?

  • length until automatically covered?
  • length of past premiums collectable?
  • insurability and application?
  • waiting (probationary period) length? for what?
A
  • automatically reinstated if not rejected after 45 days
  • up to 60 days of past premiums
  • can (don’t have to) require proof of insurability and new application
  • 10 days for sickness, accident=immediately covered
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74
Q

notice of claim for H&A time length days?

- for disability, continued notice every ?

A
  • 20 days

- every 6 months during disability after original notice

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75
Q

claim FORMS, how many days until issued from insurer?

A
  • within 15 days after receiving notify of claim
76
Q

proof of loss for H&A time to submit from insured?

A
  • 90 days after date of loss

- no later than 1 year from date of loss if reasonably incapable at time of loss

77
Q

time of payments for H&A after proof of loss is furnished?

A
  • immediately for medical after proof of loss

- minimum monthly payments for disability

78
Q

legal action in claims?

  • length to wait for insured before sueing?
  • max time to sue?
A
  • 60 days after proof of loss

- 3 years from proof of loss

79
Q

change of occupation (optional provision)

  • more hazardous = ?
  • less hazardous = ?
A

more = reduced BENEFITS to what premium would cover

less= reduced PREMIUMS, returned pro rata excess unearned premiums paid

80
Q

multiple insurance with SAME insurer (optional provision)

A
  • one policy is picked by insured and other is cancelled (premiums refunded)
  • claims made on policy that is picked
81
Q

multiple insurance with DIFFERENT insurer (optional provision)

A

both companies pay pro rata amounts for their share of loss from the policies to equal a indemnity amount total for the claim

82
Q

cancellation (optional provision)

- days to notify in cancellable policy?

A
  • 5 days written notice before cancellation

- premiums unearned will be returned pro rata

83
Q

CHIA- comprehensive health insurance act

- under MCHA

A

allows for safety net…HIGH RISK pool of applicants that could still get some coverage

84
Q

Medicare supplement policies standards:

- pre existing conditions coverage length?

A
  • must provide coverage for the first 6 months for any condition not diagnosed or treated in the 90 days prior to effective date
85
Q

Medicare supplement policies standards:

  • what two standards are there for policy types?
  • mandatory offer of?
A
  • Basic or Extended basic

- BOTH must have written offer and explanations

86
Q

Medicare supplement policies standards:

- outline of coverage must be derived when?

A

at time of application and BEFORE premium payment

87
Q

Medicare supplement policies standards:
- if insured become eligible for MA (medical assistance) they can suspend or pause supplement plan for up to how many months?

  • notification time to supplement insurer?
  • reinstatement of supplement policy?
  • time to notify reinstatement?
A
  • pause or suspend for up to 24 months (2 years)
  • must notify insurer within 90 days of eligibility for MA
  • reinstated immediately day MA is cancelled
  • must notify proof of loss of MA within 90 days of cancellation to insurer
88
Q

Medicare supplement policies standards:

- guide to medicare supplement must be given to applicant when?

A
  • At time of application (plus signed notice saying they issued this to applicant)
89
Q

free look period of MEDICARE supplement policies?

A
  • 30 days for full refund
90
Q

commissions paid to an agent selling a medicare supplement policy must be?

A

level for the first 4 years

91
Q

penalties under medicare supplement policies

A
  • 5000$ per violation

- felony

92
Q

LTC: coverage minimum?

- nursing facilities only care minimum?

A

25,000$ lifetime benefit (minimum)

one year (minimum)

93
Q

LTC: pre existing conditions must be covered with what time frames?

  • after effective date?
  • screening before date?
  • waiting days amount PER benefit period?
  • exclusions?
A

cover pre existing conditions in the first 6 months

anything not treated or diagnosis in the 90 days before

180 days

CANT exclude mental disorders such as ahlzhimers or dementias

94
Q

LTC; free look period length?

A

30 days

95
Q

LTC: cancellation

  • must notify at least one other person other than insured before cancellation
  • can only cancel for non payment
  • prior to cancellation of policy, must notify insured and others within how many days before cancellation?
A

30 days

96
Q

qualified LTC; federal taxes

  • premiums?
  • benefits?
A
  • premiums= Tax Deductible

benefits = not taxed as income

97
Q

qualified LTC requirements:

A

-refer to 5 ADLs

  • non forfeiture requirement
    reduced paid up
    extended term
    shortened benefit period
98
Q

LTC pre existing conditions

- length before effective date to be consider pre existing?

A

6 months before effective date

99
Q

LTC outline of coverage must be presented when?

A

before application is given

100
Q

LTC claim denials must issue a formal written reason as to why within how many days?

A

60 days

101
Q

LTC incontestability periods

3 of them…what are they?

A

less than 6 months= can deny a claim or cancel a policy if material misrepresentation is found

6 months- 2 years= can deny a claim or cancel a policy if material misrepresentation is found PERTAINING TO THE CLAIM being made at that time by the insured

after 2 years= only can be cancelled or non payment due to fraud from the insured

102
Q

LTC inflation protection options:
3 of them

inflation protection is AUTOmatically included unless formally signed off by insured that it should be reject

A
  • annual benefit increase of minimum 5%
  • insured can periodically increase benefits without proof of insurability
  • coverage for specified percentage of actual coverage
103
Q

LTC acceptable exclusions:

A
  • pre existing conditions
  • mental disorders EXCEPT alzhemiers
  • alcohol or drug addiction
  • acts of war or self inflicted injuries
  • treatment in government facilities (VA)
  • benefits covered by medicare
  • expenses for services provided by immediate family
  • expenses reimbursable from SS
104
Q

LTC group continuation and conversion
- time needed group plan to be in force to be eligible for continuation?

  • how many days to convert?
A
  • continuously for 6 months prior to termination of group

continuation= insured pays premiums and identical or similar benefits

conversion= application and premium due within 31 days after termination from group

  • effective date is the date from termination of group
  • original age of policy is used for conversion
105
Q

LTC forms needed before application?

A
  • shoppers guide
  • LTC worksheet
  • Things you should know about LTC buying
106
Q

LTC penalty fines?

A

3x the commission amount up to 10,000$

107
Q

LTC education requirements

A

8 hours initially

4 hours every 2 years after for CE

108
Q

HMOs:

  • what are people who are insured called and what do they pay?
  • HMOs operate under what?
  • what does HMO do (combines what?)
  • how are health care providers paid under HMOs?
A
  • subscribers (pay flat monthly fee- capitation fee paid to health providers)
  • operate by providing a network
  • combines the financial and delivery services part of health care
  • providers are paid a flat monthly fee, regardless of the amount of care provided that month to subscribers
109
Q

HMO subscribers receive what to show they are covered?

  • issued when for individuals?
  • issued when for group?
A

evidence of coverage

  • immediately for individuals
  • within 15 days for group
110
Q

HMOs grace period?

A

31 days

111
Q

HMOs free look period?

A

10 days

112
Q

HMOs days to notify subscribers or groups of changes in fees?

A

30 days prior to changes

113
Q

participating providers within the network distances?

A

30 miles or min for primary providers

60 miles or min for specialty providers

114
Q

HMOs have what for cost sharing?

except for what?

A

co payments: flat fee for drugs and services
- NO co payment for preventative care

deductibles: per person or per family PER YEAR.
- except for preventative care

annual out of pocket limits

cost sharing does not apply to medical assistance programs or medicare

115
Q

HMOs Open enrollment period is how many days minimum per year?

any underwriting restrictions must be applied for doing this period with who?
-how many days until approval?

A

14 days

  • commissioner of health
  • approval within 30 days
116
Q

HMOs continuation or conversion

A

continuation last until covered under another plan or medicare or date it would have stopped originally before continuation

continuation must not exceed 102% of plan cost for premiums

conversion = have 30 days from termination of continuation to elect conversion and pay premium

117
Q

HMOs dependent coverage when enrollee become enrolled in medicare

  • how many months of continued coverage for dependents?
  • age for dependent kids?

continuation is stopped when dependent become enrolled in another plan or medicare

A
  • 36 months

- 26 years old under ACA

118
Q

HMO must provide replacement coverage for cancellation of non qualified reason (anything but failure to make payments, fraud, moving out of area)
within how many days?
-replacement coverage has no what?

A

90 days before cancellation takes effect

  • no waiting period
    no preexisting conditions exclusion
    no proof of insurability
    no interruption in coverage
119
Q

penalties under HMOs

  • for the company?
  • for agents first offense?
  • second offense?
A

corporation= max 5000$

agent 1st= 1,000$ and/or 90 days jail

agents 2nd= 3000$ and/or 1 year jail

120
Q

small employers in MN must have how many employees?

A

1 - 50 (not including the sole proprietor)

121
Q

small employer who is leaving small employer benefits must notify the commissioner within how many days prior to leaving?

must cover all employees for renewals within how many days from notice to commissioner?

A

commissioner notice be made 180 days prior

renewal coverage for employees for 120 days after notice

122
Q

reinsurance

  • primary company?
  • secondary company?
A
  • ceding

- assuming

123
Q

examination of records every how many years by commissioner?

A

5 years

124
Q

cease and desist penalties $$?

A

10,000$ per day

125
Q

minimum suspension amount of agent license?

A

3 months

126
Q

minimum revoked license?

A

2 years and 20000$ performance bond

127
Q

violation fine to agent for suspension/revocation?

A

10,000$ per violation

128
Q
  • unappointed agent penalties to company $$$?

- how many days to pay?

A

25$ per sale up to 300$

  • 10 days
129
Q

license of agent valid for how many years? (after the first one)

-expires when?

A

2 years

-expires last day of birth month

130
Q

reinstatement of lapsed agent license within how many months?

  • fees paid?
A
  • 12 months

- 2x renewal fees

131
Q

military personnel can reinstate policy after how many days when finished active duty?

A
  • 90 days after active duty
132
Q

oral binders length?

A

5 days

133
Q

loans must be on file for how many years?

A

6 years

134
Q

days to deliver a policy?

A

30 days

135
Q

financial and agent complaint records kept for how long?

A

6 years

136
Q

agent must notify insurer (once notified by insured) of cancellation of policy within how many days?

  • how many days to deliver refund after initiation?
A
  • 10 days

- 5 days

137
Q

complaint records of company on file for?

A

4 years

138
Q

forms, apps, advertising, claims file length?

A

3 years

139
Q

unearned premium refunds length to return?

A

30 days

140
Q

false statement or fraud penalty length?

A

10 years (15 if destroying)

141
Q

embezzlement penalty length?

A

10 years (15 if damaging)

142
Q

length to continue calling after initiating contact?

A

3 months

143
Q

length to call after last purchase?

A

18 months

144
Q

fine amount for calling someone on National do not call list>

A

11,000$

145
Q

gramm leach billy act is what?

- how often to issue?

A

privacy policies

- time of policy and 1 every year after

146
Q

policy must be delivered to insured after approval within how many days?

A

30 days

147
Q

HMO open enrollment period length?

A

30 days

148
Q

grievance period to solve complaints in HMO

A

180 days (6 months)

149
Q

time until reinstatement is automatically in force?

A

45 days to notify insured

150
Q

notice of claim days?

A

20 days from loss date

151
Q

claim forms days after notice of claim?

A

15 days

152
Q

proof of loss days?

A

90 days FROM DATE OF LOSS

153
Q

claims paid when?

A

immediately after receiving proof of loss

154
Q

legal actions to be taken on claims after how many days?

- up to how long?

A

must wait 60 days

- must happen within 3 years

155
Q 
free look periods for:
- health and accident?
- life?
-medicare?
-LTC?
replacement policies?
A
  • 10
  • 10
  • 30
  • 30
  • 30
156
Q

recurrent disability for disability income is considered the same disability period if readmitted within how many days?

A

90 days

157
Q

short term disability:

  • elimination period?
  • benefit period?
  • own or any occupation?
A

30 days

  • 6 months to 1 year
  • own occupation
158
Q

Long term disability:

  • elimination period?
  • benefit period?
  • own or any occupation?
A

90 days to 6 months

  • 2 -5 years
  • any occupation
159
Q

guaranteed insurability time frames:
- how often?
during what ages?

A

every 3 years

25 - 40 years old

160
Q

BOE time tables:

  • elimination period?
  • benefit period?

taxes:

  • premiums
  • benefits
A

15-30 days
1-2 years

  • tax deductible
  • taxed
161
Q

key person time tables:
- elim?
benefit?

taxes:

A
  • 30 - 90 days
    1-2 years
  • premiums= not deductible
    benefits= tax free
162
Q

buy sell time tables:
- elim?
benefit?

taxes:

A

LONG 1-2 years
payments done in 5 years

not tax deductible premiums

tax free benefits

163
Q

conversion from group policy to an individual policy the insured has how many days to elect conversion?

A

31 days (usually after continuation ends)

164
Q

dependent child covered until what age?

- must provide how many days before for disability extension for age expiring child?

A

26 years old

-31 days prior to 26

165
Q

Hipaa: switching jobs
- remain covered if you were covered for ___ months continuously before switch?

  • how many days to make the switch while still being covered?
A

12 months

-63 days

166
Q

HIPAA mandated benefits for pregnancy:

  • normal birth time?
  • seas sextion time?
A

48 hours

96 hours

167
Q

COBRA

  • how many employees must employer have?
  • length to continue benefits?
  • non termination length?
A

minimum 20 employees

18 months

36 months

168
Q

notification of COBRA from employer to employee time?

- days to elect/accept continuation?

A

14 days to notify

60 days to elect

169
Q

OBRA. how long is continuation length if disabled at time of trigger event under cobra?
- or disabled within how many days from event?

A

29 months instead of 18

60 days

170
Q

eligible for medicare on what day?

A

first day of the month turning 65 years old

covered under SS disability for 2 years

child disabled after 18 but before 22

171
Q

part b enrollment period if not done initially?

  • plan start when if enrolled in this window?
A

January 1 - march 31

  • July 1
172
Q

Part A benefits:

  • inpatient care full coverage days?
    - deductibles paid every what?
  • coinsurance days?
  • lifetime reserve days and coinsurance does what?

admittance period for one claim?

A

full coverage after deductible for 1-60
61-90 coinsurance

every benefit period

lifetime reserve days with co insurance going up from insured portion 60

day admitted - 60 days after discharge (if back in that time, same benefit period)

173
Q 
Part A medicare benefits:
skilled nursing facility
- full coverage for how many days?
coinsurance coverage for how many days?
days in hospital before eligblity?
A

1-20

21-100

must be in hospital for minimum of 3 days prior

174
Q

medicare part A exclusions:

A

first 3 pints of blood
private room
private nursing
conveniences

175
Q

medicare part B
- deductible length?
coinsurance amont?

covers what?

A

annual deductible
80 20 coinsurance

physicians expenses and outpatient services

176
Q

ADLs for LTC

A 
continuance 
transferring
dressing
bathing - least impaired 
toileting
eating - most impaired
177
Q

LTC eligibility ages
min range?
max range?

A

50 -60

69-89

178
Q

HIPAA federal ADLs to qualify for LTC plans

A

must be incapable of minimum TWO ADLs for at least 90 days

179
Q

Health policies tax- individual policy
premium?
benefits?

A

not deductible

tax free

180
Q

Health policies tax- group policies (anything but disability)
premium?
benefits?

A

tax deductible to business
not taxed to employee

tax free

181
Q

Health policies tax- group policies DISABILITY
premium?
benefits?

A

tax deductible to employer
not taxed to employee

benefits = TAXED (unless premiums paid by insured)

182
Q

Health policies tax- group policies AD&D
premium?
benefits?

A

tax deductible to employer
not taxed to employee

tax free

183
Q

Health policies tax- self employed
premium?
benefits?

spouse can NOT claim you on their plan

A

tax deductible

tax free

184
Q

Health policies tax-business policies - BOE
premium?
benefits?

A

tax deductible

TAXED benefit

185
Q

Health policies tax-business policies - key person or buy/sell
premium?
benefits?

A

not deductible

tax free

Life, accident, health- MN (2 decks)

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