{"product_id":"health-insurance-hospital-indemnity-and-specified-disease-policies-are-of-limited-value-hrd-88-93-9781289133948","title":"Health Insurance: Hospital Indemnity and Specified Disease Policies Are of Limited Value: HRD-88-93","description":"\u003cp\u003e • Author(s): U. S. Government Accountability Office (\u003cbr\u003e • Publisher: Bibliogov\u003cbr\u003e • Publisher Imprint: Bibliogov\u003cbr\u003e • BISAC: General\u003c\/p\u003e\u003cp\u003eIn response to a congressional request, GAO evaluated states' efforts to regulate hospital indemnity and specified-disease insurance polices and practices to determine whether: (1) the policies provide a minimum level of protection at a reasonable price; and (2) states protect consumers from deceptive marketing materials and inadequate policies. \u003cbr\u003e \u003cbr\u003e GAO reviewed 12 states' requirements for hospital indemnity and specified-disease insurance policies, and found that: (1) five adopted rules similar to the National Association of Insurance Commissioners' (NAIC) regulations; (2) the NAIC-recommended loss ratios and those the states established ranged from 45 to 60 percent; (3) 12 states had education programs to help consumers make informed choices about health insurance, as well as procedures for reviewing and resolving consumer complaints; and (4) seven states had procedures for reviewing insurance advertising material. GAO also found that: (1) hospital indemnity and specified-disease policies provide narrow protection and are a poor substitute for more comprehensive policies; (2) 11 of the 98 hospital indemnity policies it reviewed had waiting periods of up to 30 days, while the other 87 had none; (3) 55 specified-disease policies excluded coverage for any preexisting conditions and 9 covered such conditions after 6 to 24 months; and (4) 44 hospital indemnity and 8 specified-disease policies reduced their benefits, increased their premiums, or terminated coverage when policy holders reached ages 60 or 65.\u003c\/p\u003e","brand":"Bibliogov","offers":[{"title":"Paperback","offer_id":47596680478871,"sku":"9781289133948","price":1565.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781289133948.webp?v=1774994737","url":"https:\/\/atlanticbooks.com\/products\/health-insurance-hospital-indemnity-and-specified-disease-policies-are-of-limited-value-hrd-88-93-9781289133948","provider":"Atlantic Books","version":"1.0","type":"link"}