Financial institutions may have access to health information when they join forces with insurance companies. True or False
Answer (2)
Financial institutions may access health information when partnering with insurance companies, but this access is regulated to protect patient privacy. Regulations like HIPAA ensure that health information is handled appropriately. Thus, the statement is True under specific legal frameworks. ;
The statement is True; financial institutions can access health information when working with insurance companies, but this access is governed by regulations, notably HIPAA, to protect patient privacy. These interactions often occur in contexts such as loan applications or insurance underwriting. Privacy and consent are crucial in this process.
;
