Ohio Insurance Laws and Regulations Practice Exam

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Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Group dental plans frequently place a limit on annual benefits in order to minimize what?

Operational costs
Customer satisfaction
Adverse selection
Claim disputes

The correct answer is: Adverse selection

Group dental plans limit annual benefits in order to minimize adverse selection, or the potential for only unhealthy individuals to enroll in the plan. Limiting benefits can deter those who are more likely to use the plan frequently, reducing overall costs for the insurer. Options A, B, and D are incorrect because operational costs, customer satisfaction, and claim disputes are not the main factor driving the decision to limit annual benefits. While these may be considerations, they are not the primary reason for this practice.