When an insurer promises to pay 30% of treatment costs, this amount is known as a...
When an insurer promises to pay 30% of treatment costs, this amount is known as a
| a. |
Deductible |
|
| b. |
Lifetime maximum |
|
| c. |
Co-insurance |
|
| d. |
Stop-loss |
Homework Answers
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When an insurer promises to pay 30% of treatment costs, this
amount is known as a...
Co-payments refer to: A. an amount that the insured must pay out-of-pocket before the insurer will...
Co-payments refer to: A. an amount that the insured must pay out-of-pocket before the insurer will pay B. the price of insurance to the insured C.the cost of insuring ones family D. a fixed dollar fee per treatment
1.If a person must pay the first $300 of covered health care expenses in a year,...
1.If a person must pay the first $300 of covered health care expenses in a year, this is called their a. deductible. b. maximum out-of-pocket. c. lifetime maximum. d. co-payment. 2.The majority of people with private health insurance get it a. along with one other person. b. individually. c. in groups. d. at the grocery store. 3.The lifetime maximum is the a. most of covered expenses that an individual will have to pay during a year. b. percentage of a...
In automobile collision insurance and health insurance, the policy usually has a provision calling for a deductible according to which the portion of any insured loss up to some fixed limit is pa...
In automobile collision insurance and health insurance, the policy usually has a provision calling for a deductible according to which the portion of any insured loss up to some fixed limit is payed for by the insured person; only the excess is paid by the insurance company. In addition, health insurance policies often provide for co-payments by the insured so that even after the deductible is met, the insured pays some fraction or fixed amount of the medical costs until...
Becky's comprehensive major medical health insurance plan at work has a deductible of $740. The policy...
Becky's comprehensive major medical health insurance plan at work has a deductible of $740. The policy pays 65 percent of any amount above the deductible. While on a hiking trip, Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a five-day hospital stay, totaled $9,253. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $4,800. a. Calculate the...
Question 33 remaining answers c) date of application d) date that insurer issues the policy 30...
Question 33 remaining answers
c) date of application
d) date that insurer issues the policy
30 Which of the following annuities would BEST suit the needs of a 35 year old factory worker who is concerned about inflation and wants to establish a retirement plan? a) A single premium deferred annuity b) A single premium immediate annuity c) A level premium fixed annuity d) A flexible premium variable annuity 31 Which of the following group life plans requires at least...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
ecky's comprehensive major medical health insurance plan at work has a deductible of 760. The policy...
ecky's comprehensive major medical health insurance plan at work has a deductible of 760. The policy pays 80 percent of any amount above the deductible. While on a hiking rip, Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a five-day hospital stay, totaled $8,913. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of- pocket expenses at $3,100. a. Calculate...
A set dollar amount that the patient must pay for each office visit is the definition...
A set dollar amount that the patient must pay for each office visit is the definition of a. copayment. b. deductible. c. co-insurance. d. adjudicate. for claim review and signatures. 27. The medical assistant should always follow office a. rules b. policies c. conventions d. directions 28. The patient billing record includes which of the following information a. Insurance billing information b. Diagnostic information
Help Save & Exit Submit Problem 9-3 (L09.2) Becky's comprehensive major medical health insurance plan at...
Help Save & Exit Submit Problem 9-3 (L09.2) Becky's comprehensive major medical health insurance plan at work has a deductible of $820. The policy pays 80 percent of any amount above the deductible. While on a hiking trip. Becky contracted a rare bacterial disease. Her medical costs for treatment including medicines, tests, and a nine day hospital stay, totaled 59.033. A friend told her that she would have paid less if she had a policy with a stop-loss feature that...
30. You have purchased a guaranteed investment contract() from an insurance firm that promises to pay...
30. You have purchased a guaranteed investment contract() from an insurance firm that promises to pay you a 5% compound rate of return per year for 6 years. If you pay $10,000 for the GIC today and receive no interest along the way, you will get in 6 years (to the nearest dollar). (C) $13,401 $13,676 $12,565 $13,000
In automobile collision insurance and health insurance, the policy usually has a provision calling for a deductible according to which the portion of any insured loss up to some fixed limit is payed for by the insured person; only the excess is paid by the insurance company. In addition, health insurance policies often provide for co-payments by the insured so that even after the deductible is met, the insured pays some fraction or fixed amount of the medical costs until...
Becky's comprehensive major medical health insurance plan at work has a deductible of $740. The policy pays 65 percent of any amount above the deductible. While on a hiking trip, Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a five-day hospital stay, totaled $9,253. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $4,800. a. Calculate the...
Question 33 remaining answers
c) date of application
d) date that insurer issues the policy
30 Which of the following annuities would BEST suit the needs of a 35 year old factory worker who is concerned about inflation and wants to establish a retirement plan? a) A single premium deferred annuity b) A single premium immediate annuity c) A level premium fixed annuity d) A flexible premium variable annuity 31 Which of the following group life plans requires at least...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
ecky's comprehensive major medical health insurance plan at work has a deductible of 760. The policy pays 80 percent of any amount above the deductible. While on a hiking rip, Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a five-day hospital stay, totaled $8,913. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of- pocket expenses at $3,100. a. Calculate...
A set dollar amount that the patient must pay for each office visit is the definition of a. copayment. b. deductible. c. co-insurance. d. adjudicate. for claim review and signatures. 27. The medical assistant should always follow office a. rules b. policies c. conventions d. directions 28. The patient billing record includes which of the following information a. Insurance billing information b. Diagnostic information
Help Save & Exit Submit Problem 9-3 (L09.2) Becky's comprehensive major medical health insurance plan at work has a deductible of $820. The policy pays 80 percent of any amount above the deductible. While on a hiking trip. Becky contracted a rare bacterial disease. Her medical costs for treatment including medicines, tests, and a nine day hospital stay, totaled 59.033. A friend told her that she would have paid less if she had a policy with a stop-loss feature that...
30. You have purchased a guaranteed investment contract() from an insurance firm that promises to pay you a 5% compound rate of return per year for 6 years. If you pay $10,000 for the GIC today and receive no interest along the way, you will get in 6 years (to the nearest dollar). (C) $13,401 $13,676 $12,565 $13,000
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