Ruth Lockwood earns $2,917 a month as a supervisor for Acme Steel.  Her group medical     coverage costs $3,120 per year.  The company pays 75% of the cost of group insurance.  How     much is deducted each month from her paycheck for medical insurance?

Q: Is the decision to buy pet insurance strictly an economic decision? Explain.

A: An economic decision is a decision when people have to choose between options due to scarcity of…

Q: . What levels of risks are properly and most economically passed on to insurance carriers?

A: Under risk transfer, an individual transfers the potential loss that can be incurred owing to…

Q: When an employer provides health insurance benefits as part of the compensation package, does this…

A: In an economy, employers provided insurance benefits related to healthcare allows an employee to get…

Q: What is an actuarially fair insurance policy?

A: Insurance is a way of defending against economic risks. It is a contract through which an individual…

Q: Which of the following statements is correct about a business income coverage form?   it must be…

A: Business income coverage form is a type of an insurance policy.

Q: Misty is single and has chosen Plan Q. Misty has not used her health insurance yet this year.…

A: Below is the given information: The portion of the bill = $5000

Q: employee who owns an individual Disability Income policy is injured in an automobile accident and…

A: The term disability income (DI) insurance alludes to an insurance policy that turns out revenue to…

Q: insurance contract with

A: The expected income depicts the calculation of future value income by taking different factors into…

Q: You have a prescription drug insurance plan with a $500 deductible, 25% coinsurance after the…

A: Deductible=$500 Coinsuarance=25% Out of pocket maximum= $1250 total bill=$2075

Q: differentiate needs from wants in healthcare

A: Healthcare is dissimilar from other services because the definition is not clear. Every customer in…

Q: Why do the government subsidize insurance companies.

A: The subsidy is the process of providing a sum of money by the government to the firm or the…

Q: Suppose you have $5,000 as a gift from your parents just after you graduate. You have a car, your…

A: Insurance is a contract in which a person pays a firm and the company agrees to pay money if the…

Q: An insured is injured while robbing a bank. If the insured's Accident and Health policy contains an…

A: The person who obtains insurance on his own possessions. It is the insured's responsibility to pay…

Q: what are the recommendations for vouch insurance?

A: Vouch insurance is a firm that provides insurance for tech startups. Launched in 2019, it presently…

Q: Social security payments are a form of _____ and available to ____

A: Benefits from Social Security are payments paid to eligible retirees, persons with disabilities, as…

Q: ту. Suggest a change you would bring to your boss as a managed-care control aimed at reducing the…

A: A change I would suggest is that the age brackets for reimbursements can be revised. The more…

Q: How does worker's compensation fraud affect the cost to all employers required to purchase WC…

A: Employers: It refers to the people who are the owner of the business. The employer will try to…

Q: insurance is pure liability coverage over and above the coverage provided by other types of…

A: We have to find given question answer.

Q: comply with the CPD program under RA 10912 will automatically revoke the license of the CPA.

A: In the given question we are provided with certain statements. We are required to determine the…

Q: What elements of the employee dishonesty exposure make it difficult to estimate the size of the loss…

A: The loss is the difference between the economic cost and economic revenue. Economic revenue is the…

Q: Which of he following sections of an insurance contract limits coverage? A.Waiver of Premium…

A: An insurance contract is an agreement between two parties, one of whom is known as the insurer and…

Q: What kind of insurance pays for you to be in a nursing home? O Health insurance O Disability…

A: The term ‘insurance’ refers to a contract or a policy according to which an entity is liable or…

Q: Is Effective payment model a challenge in the healthcare system today

A: Yes, the effective payment model is a challenge in the health care system today.

Q: Which of the following statements regarding a nonresident insurance producer is CORRECT? 1.The…

A: Insurance producers are authorised to sell and negotiate life, health, property, and other types of…

Q: Impact of mandatory Phihealth coverage for all person with disability.

A: The PWD ID is the standard distinguishing proof card for people with disability (PWDs) in the…

Q: An employer-provided retirement savings plan is an opportunity for employees to get a raise an…

A: An employer-funded retirement plan brings in a lot of benefits for the employees. A Retirement plan…

Q: How can we assess whether a given set of instruments is valid or not?

A: We can assess whether the given set of instruments is valid or not using the following Criterion:…

Q: The insured has failed to respond to recommendations to correct the elimination of existing hazards…

A: Economics as a subject is used to study and plan the allocation of scarce resources among humans…

Q: Economics The presence of co-insurance has the following effect on price elasticity of demand:…

A: When talking about co-insurance, it can be said that it is the amount of money paid by an insured…

Q: Describe some healthcare situations in which an agent has taken advantage of a principal. Then…

A: Principal agent problem occurs when a different individual makes decisions on behalf of someone.  In…

Q: economic graphs for vouch insurance startup?

A: VOUCH insurance is a start-up working for providing loans to start-ups. It claims to be the fastest…

Q: Discuss the difference between individual coverage and group coverage, fully insured plans and…

A: Health insurance could be a safeguard against rising medical prices. A health insurance plan is a…

Q: Insurance companies are regulated under federal insurance laws. True False

A: This statement is false.

Q: What benefit do people get from the market for insurance? What two problems impede the insurance…

A: As we all aware that the life of an individual or property are surrounded by the risks in the form…

Q: A copayment is a shared medical expense belween.   A.a parent and child   B.the insured and the…

A: The situation when two or more individuals or firms allocate a certain sum of money towards a…

Q: A compulsary legal and unilateral payment made to the government is known as _______

A: # Any government of a country needs funds to work on its infrastructure, education, health care and…

Q: What type of insurance plan does this insured hold ? O. Health Maintenance Organization O.…

A: Health Maintenance Organization is a group health insurance coverage offered by a health maintenance…

Q: Case study "Examination of the Long-term Healthcare Industry in the USA"

A: It is safe to say that the health care system in the United States is the most complicated in the…

Q: The purpose of the coordination of benefit clause found in group policies is to:    A: promote over…

A: The Coordination of Benefits (COB) clause in group policies is included to eliminate duplication of…

Q: True or False: Employer-provided IRAS, such as 401(k) and 403(b) plans, give employees the…

A: employer provided IRA, such as 401(k) and 403(b) plans, give employees the oppurtunity to make…

Q: Insurance needs change throughout a person’s lifecycle because people’s needs change.  True or…

A: An arrangement through which a guarantee of compensation is provided for specified damage or illness…

Q: Consider a consumer with a medical bill of $1,000. He has a $250 deductible and a 10 percent…

A: Medical bill = $1000 Deductible = $250 The co-insurance rate is 10 percent on all expenses over…

Q: How can you use Microsoft Excel and your agility and problem solving skills to understand the level…

A:

Q: egative insurance pre than complete coverage ss than complete coverage mplete coverage

A: The provision of transferring the risk of a loss that may arise from any uncertain even is referred…

Q: How can insurance companies offer a guarantee to pay for certain medical expenses? How do they…

A: Insurance companies offer to cover for the risks. The company main aim to minimize the risk of the…