Describe these policy provisions commonly found in medical expense plans: (a) Deductibles (b) Co-insurance (c) Co-ordination of

Question:

Describe these policy provisions commonly found in medical expense plans:
(a) Deductibles
(b) Co-insurance
(c) Co-ordination of benefits.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

See More Books

Question Posted: Feb 13, 2015 09:34 AM

See More Questions

Explain the cost containment provisions commonly found in medical expense plans. How might the provision for second surgical opinions help an insurer contain its costs?
Describe three important contractual provisions often found in health insurance policies.
Describe the role of deductibles in insurance contracts.
Assume a portfolio of two assets with the following total value (Al) covariance matrix 1 -0.5 -0.5 1 The sum of the 99% component VaRs of the two assets is:
An engine consists of a 100 kg cast iron block with a 20 kg aluminum head, 20 kg steel parts, 5 kg engine oil and 6 kg glycerine (antifreeze). Everything begins at 5oC and as the engine starts we...
What suggestion(s) for a health conscious product do you recommend?
1 Entering a new culture can be a stressful experience but it also gives opportunities for psychological growth and to learn new skills. Describe the psychological growth that can occur and the new...
1. How do information technologies contribute to the business success of Sew What? Inc.? Give several examples from the case regarding the business value of information technology that demonstrate...
Firms in the __________ industry(ies) use a great deal of debt. a. computer software b. computer software and pharmaceutical c. aerospace d. aerospace and retailing e. utility and auto manufacturing
Car B is rounding the curve with a constant speed of 54 km/h, and car A is approaching car B in the intersection with a constant speed of 72 km/ h. Determine the velocity which car A appears to have...
What are the features of a major medical plan? Compare major medical to comprehensive major medical insurance.
What are the key provisions of COBRA? How do they relate to continuation of group coverage when an employee voluntarily or involuntarily leaves the insured group?
Electrons are made to flow through the copper strip of Figure P27.57. The strip's cross section is $1.00 \mathrm{~mm}$ high and $30.5 \mathrm{~mm}$ wide, and the strip is placed in a...
Give your overall opinion . What do you think about neuromarketing? Is it usefull or is it a waste of time? Some people think this practice is "Orwellian", do you agree? Can marketers manage the...
Question 1. Let z= f(x,y), x = g (s, t). and ' y = h (s, t). with f, g & h all differentiable. (a) Set up an appropriate tree diagram for the of chain rule as done in this module's Use video lessons:...
ow do synergistic dynamics emerge within high-performance teams, and what role do diverse skill sets, complementary roles, and shared goals play in fostering collaborative innovation and collective...
(14%) Problem 3: The circuit shown contains a voltage source with emf & = 5.99 V, a resistor with resistance R = 135 k2, and a capacitor with capacitance C = 507 nF. When switch S is set to position...
1. What functions do all managers perform regularly? How do these functions apply to the three levels of management found in most organizations? 2. Identify and distinguish between the different...
Anderson Company must evaluate two capital expenditure proposals. Andersons hurdle rate is 12%. Data for the two proposals follow. Using net present value analysis, which proposal is the more...
Use the method of Example 4.29 to compute the indicated power of the matrix. 1 0 1
What are the most effective strategies to cope up with stress?
Discuss the role of asset allocation in portfolio management.
Alison Conroy is a young career woman who's now employed as the managing editor of a well-known business journal. Although she thoroughly enjoys her job and the people she works with, what she would...
Use Worksheet 11.2 to help Clayton and Julie Grover, a married couple in their early 40s, evaluate their securities portfolio, which includes these holdings. a. IBM. (NYSE; symbol IBM): 100 shares...
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.

Describe these policy provisions commonly found in medical expense plans: (a) Deductibles (b) Co-insurance (c) Co-ordination of

Question:

Step by Step Answer:

a Deductibles which require the insured to pay the first so many dollars are typically relatively la...View the full answer

Personal Financial Planning

Students also viewed these Corporate Finance questions