Percentage deductible - Study guides, Class notes & Summaries

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - answer-C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: the...

401(k) plan - a. Must have taxable income b. Must be under age 72 c. Annual contributions to a 401K plan are income-tax deductible, investment income accumulates tax free, and distributions are taxed upon withdrawal d. Withdraw without penalty at age 59 ½ e. Certain hardship exceptions prior to age 59 ½ f. 2021 Maximum annual contribution- $19,500 g. 2021 over 50 catch up- $6,500 per year for a total of $26,000 h. Any employer match that you receive does not count toward this limit! a...

Xactimate Level 1 Cert Knowledge Questions With 100% Correct Answers Verified. The only way to create an Xactimate estimate is through XactAnalysis. - False With an Internet connection, you can download and upload a XactAnalysis assignment. - True What are the steps in the 4-Step Estimating Process? - 1.Claim Info 2.Sketch 3.Estimate Items 4.Complete It is mandatory to follow the 4-Step Estimating Process in its exact order. - False At the fundamental level of learning, it is recommende...

Xactimate Level 1 Cert Knowledge Questions With 100% Correct Answers Verified. Xactimate Level 1 Cert The only way to create an Xactimate estimate is through XactAnalysis. - False With an Internet connection, you can download and upload a XactAnalysis assignment. - True What are the steps in the 4-Step Estimating Process? - 1.Claim Info 2.Sketch 3.Estimate Items 4.Complete It is mandatory to follow the 4-Step Estimating Process in its exact order. - False At the fundamental level of le...

Property and Casualty Insurance Exam – Georgia Questions and Answers 100% Pass BPP building coverage insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences the larger of $1000 or 10% Coverage C. Limit does not apply if property is moved because the residence premi...

What Act shaped how commercial insurance carriers approached the concepts of paying for medical care? - ANSWER-HMO Act of 1973 ACA - ANSWER-Affordable Care Act HMO (Health Maintenance Organization) - ANSWER-The organization is both the insurer and provider of a set of defined services. Patients within this network must use an in-network provider for their services to be covered. Capitation Payment - ANSWER-part of prospective payment in which healthcare providers receive fixed monthly p...

HFMA: Healthcare Financial Management Association Exam (2024 / 2025) Questions and Verified Answers 1. Which of the following options is an alternative to valid long-term payment plans? ~ Answer: Bank loans 2. What type of plan restricts benefits for nonemergency care to approved providers only? ~ Answer: A PPO (preferred provider organization) plan 3. What does scheduling allow provider staff to do? ~ Answer: Review the appropriateness of the service requested 4. When an adult patient is covere...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

401k plan - income-tax deductible, investment income accumulates tax free, distributions taxed upon withdrawal, and any employer match that is received does not count towards contribution limit additional insureds - person or party added to the policy by an endorsement (lenders and mortgagors) advantages of group insurance - may be less expensive, tax benefits to employees (costs are usually pre tax), employer may pay all/part of premium, no evidence of insurability-no physical exam, and m...

MHA 707 Study Guide for Exam 3 (C) Questions And Answers What is Asymmetry of information? Why is it important in healthcare? A gap in knowledge from person/group to another. Patient knowledge vs Physician knowledge vs insurance knowledge. What is non-marketability of risk? inherent of medicine and medical practice. Cannot put a price on it Moral Hazard people behaving differently when you know someone else is taking the risk (induced demand- procedures when deductible has bee...