Standard

 

BUS 141  Insurance and Business Environment

Course Description:

This course provides insight into the Life and Health Insurance Industry, describes the organization companies and the corporate environment. This course consists of the following modules: life ling leaning, life and health insurance overview, business process operations, succeeding in the corporate environment, introduction to medical terminology, and introduction to medical coding.

 

 

Competency Areas:

Hours:

 

 

 

Life Long Leaning

Class

5

Life and Health Insurance Overview

D. Lab

0

Business Process Operations

P. Lab/O.B.I.

0

Succeeding in the Corporate Environment

Credit

5

Introduction to Medical Terminology

 

 

Introduction to Medical Coding

 

Prerequisite:

None

Corequisite:

 

 

Course Guide

 

 

Competency

After completing this section, the student will:

Hours

Class

D. Lab

P. Lab/

O.B.I.

LIFE LONG LEANING

4

0

0

 

Understand how people learn

 

 

 

 

Identify own learning style preference

 

 

 

 

Identify and apply learning techniques in order to become better students

 

 

 

 

Identify ways to successfully manage study time

 

 

 

 

Describe strategies for effectively preparing for an assessment

 

 

 

 

Recognize the importance of continually learning

 

 

 

 

Identify the importance of taking responsibility for one’s own learning

 

 

 

 

Construct a plan for one’s future professional development

 

 

 

 

Learn how internalizing the desire for learning, and continuous training in a field of interest to take charge of one’s life

 

 

 

 

Understand how taking control on one’s professional development will maintain competitiveness and enjoy one’s leisure time

 

 

 

LIFE AND HEALTH INSURANCE OVERVIEW

21

0

0

Industry and products

Describe why insurance companies are organized as corporations

 

 

 

 

State the difference between stock insurers and mutual insurers

 

 

 

 

Describe the connection between an insurance company and the financial services industry

 

 

 

 

List and describe major types of life and health insurance products

 

 

 

Government regulations

Describe the US Federal Government’s role in regulating the insurance industry

 

 

 

 

Describe the state government’s role in regulation the insurance industry

 

 

 

 

Define solvency regulation

 

 

 

 

Explain the difference between domestic insurer and foreign insurer

 

 

 

 

Describe the role of National Association of Insurance Commissioners (NAIC)

 

 

 

Risk management

Give examples of pure risks and speculative risks

 

 

 

 

Describe the characteristics of an insurable risk

 

 

 

 

Determine of insurable interest requirement is met in life and health insurance instances

 

 

 

 

List and describe the people involved in the application and issuance of an insurance policy

 

 

 

 

Define types of risk covered in this lesson

 

 

 

The insurance policy

List and define types of insurance contracts covered in this lesson

 

 

 

 

List the requirements of an insurance contract

 

 

 

 

Describe a policyholder’s property rights

 

 

 

 

Describe the difference between individual policy and group policy

 

 

 

Life insurance

Identify reasons an individual or business would purchase life insurance

 

 

 

 

List and briefly describe types of life insurance and the coverage provided by each

 

 

 

 

List and briefly describe types of supplemental benefits that life policies may provide

 

 

 

 

List and briefly describe standard provisions for individual life insurance policies

 

 

 

 

List and describe common life insurance exclusions

 

 

 

 

Given examples of claims, determine who is entitled to receive benefits from applicable life insurance policy

 

 

 

Annuities, pensions & retirement savings plans

Define annuity, pension plan and retirement savings plan and distinguish between each

 

 

 

 

Name three types of retirement plans and identify each

 

 

 

 

Differentiate between a defined contribution and defined benefit pension plan

 

 

 

Health insurance

Describe the benefits of medical expense coverage and disability income coverage

 

 

 

 

Identify the most commonly covered expenses of health insurance policies and most common exclusions

 

 

 

 

Explain the difference between Medicare and Medicaid

 

 

 

 

Identify provisions common to most group health insurance plans

 

 

 

 

Identify provisions common to most individual health insurance plans

 

 

 

 

Identify morbidity risk factors for group and individual health insurance plans

 

 

 

 

Distinguish between an HMO and a PPO

 

 

 

 

Define coordination of benefits and calculate benefits payable under this provision

 

 

 

 

Distinguish between total and partial disability

 

 

 

 

Recognize causes of disabilities that may be excluded from coverage under a disability policy

 

 

 

Supplemental insurance

Identify the general characteristics that distinguish supplemental life and health insurance policies from other plans

 

 

 

 

List types of supplemental policies covered in this lesson

 

 

 

 

Distinguish between benefits of supplemental and traditional or managed care health programs

 

 

 

BUSINESS PROCESS OPERATIONS

5

0

0

 

Given an organizational chart, identify the major functional areas and the chain of command

 

 

 

 

Identify primary responsibilities of each functional area within a representative insurance company

 

 

 

 

Define and identify internal and external customers

 

 

 

 

Define customer service and identify who provides customer service in an insurance company (customer touch points)

 

 

 

 

Describe how decisions in one functional area impact customer service in other areas

 

 

 

SUCCEEDING IN THE CORPORATE ENVIRONMENT

4

0

0

 

Explain the importance of attendance, dress code, work ethic and other expectations in the workplace

 

 

 

 

Understand the role of corporate culture and how it impacts workplace expectations and behavior

 

 

 

 

Explain the importance of professional behavior and appearance in a corporate environment

 

 

 

 

Describe the importance of trust and confidentiality in a fiduciary relationship

 

 

 

 

Describe the standards for ethical conduct in the workplace, including the principles and codes, which govern the insurance industry

 

 

 

INTRODUCTION TO MEDICAL TERMINOLOGY

8

0

0

Medical terms

Name and define the roles of the four word parts that form medical terms

 

 

 

 

Identify types of word parts from medical terms

 

 

 

 

Explain guidelines for defining medical terms

 

 

 

 

Define medical terms based on word parts

 

 

 

 

Define basic medical terms introduced in this lesson

 

 

 

 

Describe the steps in locating a term in a medical dictionary

 

 

 

 

Describe the importance of accuracy in spelling and correct use and interpretation of abbreviations

 

 

 

 

Locate medical terms in medical records; define the terms with the use of a medical dictionary  (book or on-line).

 

 

 

Human body structure

Name and define levels of organization in the human body

 

 

 

 

Name and define the body planes

 

 

 

 

Define directional terms

 

 

 

 

Define terms related to the organization of the human body with use of references

 

 

 

 

Evaluate medical records with the use of medical dictionary (book or on-line).

 

 

 

Human body systems

Name and briefly describe the functions of the systems of the body

 

 

 

 

Define terms related to the systems of the body with use of references

 

 

 

 

Evaluate medical records with the use of medical dictionary (book or on-line).

 

 

 

INTRODUCTION TO MEDICAL CODING

8

0

0

 

Use the current coding reference manuals: ICD9 for medical; ADA for dental; CPT for procedures, and HCPCS for Medicare codes

 

 

 

 

Identify the ranges of various codes and their associated diseases or procedures

 

 

 

 

Understand the concept of modifiers and their impact on payments for medical services

 

 

 

 

Suggested Resources

 

Books:

 

None