An individual medical insurance policy covering

Assignment Help Finance Basics
Reference no: EM131047746

Jennifer, age 28, is divorced and has a son, age one. Six months ago, Jennifer purchased an individual medical insurance policy covering the entire family. Her son was recently diagnosed with congenital heart disease. When Jennifer submitted the medical bill for her son's treatment, the insurer attempted to deny payment on the grounds that Jennifer had concealed her son's heart condition because the condition was not disclosed in the application at the time the policy was purchased. Can the insurance company legally deny payment of the claim under the Affordable Care Act? Explain your answer.

Reference no: EM131047746

Questions Cloud

What should be the average duration of its assets : Safelife insurance company has $85 million in assets, $80 million in liabilities, and $5million in shareholders' equity. The duration of liabilities is 3. If Safelife wants to immunize its net worth against interest rate risk (i.e. set the duration o..
Financing the purchase using the lease-equivalent loan : Riverton Mining plans to purchase or lease $435,000 worth of excavation equipment. If purchased, the equipment will be depreciated on a straight-line basis over five years, after which it will be worthless. Is Riverton better off leasing the equipmen..
Analyze the behavioral implications of organizational design : An organization's structure can have significant effects on its members. What might those effects be? Analyze the behavioral implications of different organizational designs and use at least two examples, Quicken Loans being one of them.
The company issues new equity-incurs flotation cost : Sheaves Corp. has a debt−equity ratio of .85. The company is considering a new plant that will cost $120 million to build. When the company issues new equity, it incurs a flotation cost of 9 percent. The flotation cost on new debt is 4.5 percent. Wha..
An individual medical insurance policy covering : Jennifer, age 28, is divorced and has a son, age one. Six months ago, Jennifer purchased an individual medical insurance policy covering the entire family. Her son was recently diagnosed with congenital heart disease.
Purchase zero coupon bond : You are looking to purchase a zero coupon bond. The bond has 10 years until maturity and you require an 8% annual rate of return. What should you pay for this bond? You just purchased a bond for $974.42 that matures in 5 Years. The bond was originall..
What is the predicted price change for your bond : The duration of GE bond you own is 6.00 years. Currently, interest rates are 7.00%, but you believe the Fed is about to increase interest rates by 24.00 basis points. What is the predicted price change for your bond?
How the partners split profits and losses : How the partners split profits and losses, how the partnership is dissolved. Feel free to make up portions of your partnership agreement or necessary facts.
What is the expected value of each investment : You are trying to decide whether to invest some idle cash in undeveloped land or gold. You intend to hold either investment for 5 years before selling out and sailing the Caribbean. You have made the following estimates of the value of the land and g..

Reviews

Write a Review

Finance Basics Questions & Answers

  Making decision in oligopoly markets

McDonald's and Burger King are situated on different corners of a downtown intersection. Burger King and McDonald's compete on the basis of the values they set for their burger, fry, and soda mixture meals.

  Tangier manufacturings common stock has a beta of 18 if the

tangier manufacturings common stock has a beta of 1.8. if the expected risk free return is 5 and the expected return on

  Calculate the dollar-weighted return

Veronica Madrid start the year with a portfolio valued at $10,000 and made a contribution to and a withdrawal from this portfolio over the next three months.

  What are the trade-offs river valley should consider

A large community hospital, River Valley, has recently begun to acquire physician practices. At issue is whether to rename each acquired practice "River Valley Associates" or to leave each name alone.

  Market on a downward trend

The value at which an investor will sell a security. The value a purchaser is willing to pay for a security is the bid. The difference between the ask and bid price is the spread.

  Calculating nominal cash flow

Etonic Inc. is considering an investment of $365,000 in an asset with an economic life of 5 years. The company estimates that the nominal yearly cash revenues and expenses at the end of the 1st year will be $245,000

  You purchase machinery for 23958 that generates cash flow

you purchase machinery for 23958 that generates cash flow of 6000 for five years. what is the internal rate of return

  What is the operating cycle at telecraft

Telecraft Enterprises carries 46 days of inventory in its stores. Last year Telecraft reported net sales of $1,401,100 and had receivables of $303,600 at the end of the year. What is the operating cycle at Telecraft ?

  What are some of the factors that common stockholders

what are some of the factors that common stockholders consider when deciding how much if any cash dividends they desire

  Your parents are giving you 250 a month for 5 years while

your parents are giving you 250 a month for 5 years while you are in college. at a 5 percent discount rate what are

  Trevor price bought 10-year bonds issued by harvest foods

trevor price bought 10-year bonds issued by harvest foods five years ago for 961.17. the bonds make semiannual coupon

  Genreal background information regarding the country cuba

Prepare a word document of the genreal background information regarding the country Cuba, including, but not limited to, the corporate tax system, and import and export policies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd