[amp_mcq option1=”Employees of a company” option2=”Credit card holders of an organisation” option3=”Professional association members” option4=”Group of unrelated individuals formed for the purpose of availing group health insurance” correct=”option4″]
The correct answer is D. Group of unrelated individuals formed for the purpose of availing group health insurance.
A group health insurance policy is a type of health insurance that is offered to a group of people, such as employees of a company, members of a professional association, or members of a credit union. The group health insurance policy is typically less expensive than individual health insurance policies, because the risk is spread out over a larger number of people.
In order to be eligible for a group health insurance policy, the individuals must be part of a group that is eligible for the policy. For example, employees of a company must be employed by the company in order to be eligible for the company’s group health insurance policy. Members of a professional association must be members of the association in order to be eligible for the association’s group health insurance policy.
A group of unrelated individuals who are not part of any organization would not be eligible for a group health insurance policy. This is because there is no group to spread the risk over, and the insurance company would be taking on a greater risk by insuring these individuals.
Here is a brief explanation of each option:
- Option A: Employees of a company are typically eligible for a group health insurance policy offered by their employer.
- Option B: Credit card holders of an organization may be eligible for a group health insurance policy offered by the organization.
- Option C: Professional association members are typically eligible for a group health insurance policy offered by the association.
- Option D: A group of unrelated individuals formed for the purpose of availing group health insurance would not be eligible for a group health insurance policy.