Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In major medical insurance policies, the _____ provision gives the percentage of expenses the insurer will pay in excess of the deductible. It may vary

In major medical insurance policies, the _____ provision gives the percentage of expenses the insurer will pay in excess of the deductible. It may vary from 70 to 90 percent; 80 percent is common, although 75 percent is starting to be used more frequently as health care expenses continue to shift from employer to employee.

a. indemnity

b.coordination of benefits

c.stop-loss

d. coinsurance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Explain how the contexts of communication differ from each other.

Answered: 1 week ago