An individual benefits from health insurance: A. from the moment he/she acquires it B. only when...
An individual benefits from health insurance:
A. from the moment he/she acquires it
B. only when he/she is ill and receives insurance benefit payments
C. an individual never benefits from spending earnings on health insurance
Homework Answers
It can be mentioned that the benefit of insurance might not be acquired immediately after purchasing it but rather it is observed when a person receive any benefit payments from the insurance because in the health insurance the amount you pay is not refunded or made any benefit payment but there is any health issue then it is recovered in the form of benefits on the whole.
Therefore (B) is the answer to this question
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An individual benefits from health insurance:
A. from the moment he/she acquires it
B. only when...
The amount of Social Security benefits received by an individual that he or she must include...
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Case 1 1. If Ben continued working until he turned 64, would he be able to...
Case 1
1. If Ben continued working until he
turned 64, would he be able to claim Social Security `benefits, and
if so, what percentage of his full benefit would he receive?
2. If Ben was in an accident and
passed away before retiring, would his wife receive any Social
Security benefits? Why or why not?
3. Ben is enrolled in a defined
benefit pension plan with his employer. How does this differ from a
defined contribution program?
Case 2...
The amount of Social Security benefits received by an individual that he or she must include in gross income Depending upon the taxpayer's Social Security benefits and other income, it may be zero or as much as 85% of the Social Security benefits received is computed in the same manner as a life insurance annuity. May not exceed 45% of the Social Security benefits received. May not exceed the portion contributed by the employer.
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An insurance agent sells life, health and auto insurance. During the year she met with 85 potential clients. Of these 42 purchased life insurance, 40 purchased health insurance, 24 purchased auto insurance, 14 purchased both life and health, 9 both life and auto, 11 both health and auto, and 2 purchased all 3. A client is selected at random. Calculate the following a) P(client purchased no polices) b) P(client purchased health insurance only) c) P(client purchased a single insurance policy)...
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Case 1
1. If Ben continued working until he
turned 64, would he be able to claim Social Security `benefits, and
if so, what percentage of his full benefit would he receive?
2. If Ben was in an accident and
passed away before retiring, would his wife receive any Social
Security benefits? Why or why not?
3. Ben is enrolled in a defined
benefit pension plan with his employer. How does this differ from a
defined contribution program?
Case 2...
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