Final answer:
The AMTA offers health insurance as a group benefit to its members. Actuarially fair premiums for life insurance vary based on risk factors assessed by the insurer, including family medical history. Public healthcare systems and solidary benefits offer different types of group advantages.
Step-by-step explanation:
When evaluating group insurance programs, such as those offered by the American Massage Therapy Association (AMTA), the type of coverage provided can vary. In this case, the AMTA offers several types of insurance, including health insurance, which is a common benefit associated with professional membership groups.
To determine an actuarially fair premium for life insurance, insurers consider factors such as age, health, and family medical history. If insurers could not account for family cancer histories when determining premiums for a large, diverse group, they would calculate a single premium that spreads the risk across all members, likely resulting in a higher cost than if individual risk factors were assessed.
Comparatively, public healthcare systems like Medicare typically provide insurance to specific demographics, such as people over sixty-five, whereas solidary benefits of group membership might include social or advocacy-related advantages rather than monetary ones.