Explain how a typical major medical contract works
What will be an ideal response?
After a deductible is paid by the insured (e.g. $500 ) the insured pays typically 20 percent of each dollar of expense (called participation or copayment) and the insurer pays 80 percent. Once the insured's out-of-pocket exceeds a preset cap (e.g. $1,000), the insurer pays 100% up to a high policy limit (e.g. $250,000). All of the charges must be eligible medical expenses under the contract.
You might also like to view...
One key conclusion of the Capital Asset Pricing Model is that the value of an asset should be measured by considering both the risk and the expected return of the asset, assuming that the asset is held in a well-diversified portfolio. The risk of the asset held in isolation is not relevant under the CAPM.
Answer the following statement true (T) or false (F)
Profits and tax benefits are common motivations for going global.
Answer the following statement true (T) or false (F)
Which of these is an organizational form reflecting culture?
a) Apple in the U.S. b) Guangxi in China c) Keiretsu in Japan d) Cantonese in Hong Kong
The process of obtaining ________ values is referred to as discounting
A) present B) future C) current D) inflated