Examining the Numbers Some experts have questioned the financial viability of the prepayment plans and fear that faulty economic assumptions will force state governments to subsidize the tuition guarantees.
National Interrent continues to experiment in 22 Florida cities with a prepayment plan.
Most co-operative societies have some form of funeral prepayment plan which may involve vouchers for goods in their stores.
Mr. Olivas also believes that college admissions officers will favor applicants backed by prepayment plans.
The prepayment plan is principally aimed at middle- and upper-income families, but Andover also instituted plans to make tuition payments easier for students who receive financial assistance.
Federal tax credits and various tax-advantaged prepayment plans can lighten the burden further.
Instead, it offers a prepayment plan in which the client stores credits on his or her card.
By 1956, 50% of Canadians were covered by voluntary private or nonprofit prepayment plans, but public pressure for a nationwide program to protect people from catastrophic health-care costs was growing.
Parents who intend to send their children to state schools may be interested in prepayment plans.
Kansas City Blue Shield was formed in 1943 to provide members with a prepayment plan for physician services.