Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Out of country private insurance: Typically has a maximum amount on group plans but not on government plans Commonly excludes pre exiting health conditions Is

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Out of country private insurance: Typically has a maximum amount on group plans but not on government plans Commonly excludes pre exiting health conditions Is not considered supplementary insurance Only provides coverage for those traveling to the United States Cathy is a member of her employer's extended health care plan, which has a $100 annual family deductible based on a calendar year, and provides for the employee to pay a 20% coinsurance. If Cathy's family has eligible health claims that total $2,555 in for the calendar year, how much will Cathy receive as a reimbursement under the health care plan? $511 $1,944 $1,964 S2,044 An individual's lifestyle and occupation along with factors such as stress, travel, physical injury, or exposure to liability will help facilitate decision making during what stage of the risk management process: Setting Risk Management Objectives Identifying & Evaluating Implementation Monitoring Tanya lives in a province where the province levies a provincial health tax to employers to help cover the cost of provincial health insurance. What is the tax implication for Tanya? The cost is charged by the employer as a taxable benefit to Tanya There is no income tax consequence Tanya is charged a taxable benefit for any services she uses under the plan Tanya's employer has the option as to whether or not the cost is treated as a taxable benefit to Tanya Out of country private insurance: Typically has a maximum amount on group plans but not on government plans Commonly excludes pre exiting health conditions Is not considered supplementary insurance Only provides coverage for those traveling to the United States Cathy is a member of her employer's extended health care plan, which has a $100 annual family deductible based on a calendar year, and provides for the employee to pay a 20% coinsurance. If Cathy's family has eligible health claims that total $2,555 in for the calendar year, how much will Cathy receive as a reimbursement under the health care plan? $511 $1,944 $1,964 S2,044 An individual's lifestyle and occupation along with factors such as stress, travel, physical injury, or exposure to liability will help facilitate decision making during what stage of the risk management process: Setting Risk Management Objectives Identifying & Evaluating Implementation Monitoring Tanya lives in a province where the province levies a provincial health tax to employers to help cover the cost of provincial health insurance. What is the tax implication for Tanya? The cost is charged by the employer as a taxable benefit to Tanya There is no income tax consequence Tanya is charged a taxable benefit for any services she uses under the plan Tanya's employer has the option as to whether or not the cost is treated as a taxable benefit to Tanya

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Mergers And Acquisitions Integration Handbook

Authors: Scott C. Whitaker

1st Edition

111800437X, 978-1118004371

More Books

Students also viewed these Finance questions

Question

f. Did they change their names? For what reasons?

Answered: 1 week ago