If you have medical insurance, do you need medical expense protection on your auto policy?
Yes, medical insurance covers only self. But medical expense protection on auto policy covers all the drivers and passengers in the car during accident, regardless of the fault. Hence medical expense protection is important
If you have medical insurance, do you need medical expense protection on your auto policy?
1. Does travel insurance cover medical expenses? provide example? 2.Do auto insurance cover medical exspenses? provide example?
Expense categories a. Housing 25-35% b. Insurance (including health, medical, auto, and life): 10-20% C. Food: 10-15% d. Transportation: 10-15% e. Utilities: 5-10% f. Savings: 10-15% g. Fun (entertainment and recreation): 5-10% h. Clothing: 5% i. Personal: 5-10% j. Debt repayment: 10-15% (a) For each item, complete the table by indicating which expense category you would place the item into. Every item has to go into one of the categories above. Expense Category Johnny's Auto Insurance Baltimore Gas & Electric...
Santiago Morgan is insured under a major medical expense insurance policy that includes a $200 calendar year deductible and a 20 percent coinsurance requirement from the insured. During the last year, Mr. Morgan incurred $1,000 in allowable medical expenses. Of this amount, Mr. Morgan is responsible for paying $640.00 $200.00 $160.00 $360.00
There is a 1 percent chance (0.01) that you will have a medical bill of $100,000; 19 percent chance (0.19) that you will have a medical bill of $10,000; 60 percent chance (0.6) that you will have a medical bill of $500; and 20 percent chance (0.2) that you will have a medical bill of $0. A) What is your expected medical spending, without any insurance? B) If you have complete insurance (i.e. zero deductible, zero copay), what is your...
Describe the type of medical insurance coverage you have. If you are not insured, describe the policy held by someone you know, or access the website of the Medicare program (Medicare.gov) and click the tab "What Medicare Covers" before answering the following questions. According to the plan’s policy information (often printed in a pamphlet that accompanies the policy itself or available online at the plan’s website), what benefits does the policy cover? Are some services excluded from coverage? Are any...
28. If your insurance policy promises to pay death benefits only if you die during a specified time, you have [term l whole] life insurance. 28. If your insurance policy promises to pay death benefits only if you die during a specified time, you have [term l whole] life insurance.
An insurance company studies a sample of 150 policyholders. There are three types of policies: auto, home and medical. The following results are obtained about the policies held by the policyholders: 30 have only home insurance 10 have only medical insurance 98 have auto insurance but not all three types of insurance 27 have medical insurance but not all three types of insurance 13 have auto and medical insurance Given that a policyholder has medical...
An insurance company studies a sample of 150 policyholders. There are three types of policies: auto, home and medical. The following results are obtained about the policies held by the policyholders: 30 have only home insurance e 10 have only medical insurance 98 have auto insurance but not all three types of insurance 27 have medical insurance but not all three types of insurance . 13 have auto and medical insurance 2. Given that a policyholder has medical insurance, calculate...
You have been asked to do the collection calls in your large medical clinic. Although you work in insurance coding and billing, you are not sure you have the skills to do so. This assignment will also include appealing denied insurance claims. What must you do to be prepared and to be successful?
An insurance company is trying to sell you an investment policy that will pay you and your heirs $50,000 per year forever. If the required return on this investment is 5.4 percent, how much will you pay for the policy? A.$1,265,455.25 B.$1,627,950.42 C.$872,688.17 D.$925,925.93 Beginning three months from now, you want to be able to withdraw $2,300 each quarter from your bank account to cover college expenses. The account pays 1.45 percent interest per quarter. How much do you need...