Prepaid service plans - 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...

From what taxes are cafeteria plan contributions generally exempt? A. SS, Medi, FIT, and FUTA B. FIT and SIT C. SS, Medi, FUTA, and SUI D. SS, Medi, FIT, and SIT correct answers A. Social Security, Medicare, FIT, and FUTA Reference 4.5 Cafeteria Plans In which boxes on the W-2 would you report the adoption assistance? A. Boxes 3, 4, 5, 6 B. Boxes 1, 2, 3, 4, 5, 6, 12 - Code T C. Boxes 3, 4, 5, 6, 12 - Code A D. Boxes 3, 4, 5, 6, 12- Code T correct answers D. Boxes 3, 4,...

MNG3702 Assignment 2 (DETAILED ANSWERS) Semester 2 2023 () - DUE 15 September 2023 100% TRUSTED workings, explanations and solutions. For assistance call or Whatsapp us on +25477 954 0132 . Netflix was founded by Reed Hastings and Marc Randolph in 1997, after Hastings became angry about paying Blockbuster Video (a global chain of video stores where customers could go and rent videos in store) a fine of US$40 for a late return of the movie Apollo 13. At the time, video rental stores dominated th...

Chapter 3 The Balance Sheet and Financial Disclosures True/False Questions 1. The balance sheet reports a company's financial position at a point in time. Answer: True Level of Learning: 1 Easy Learning Objective: 03-01 Topic Area: Balance sheet–Usefulness-Limits-Elements Blooms: Remember AACSB: Reflective thinking AICPA: BB Critical thinking AICPA: FN Measurement 2. A company’s market value is generally less than its book value. Answer: False Level of Learning: 1 Easy Learning...

The 4 basic elements of an employee welfare benefit plan are: 1. there must be a plan, fund or program 2. the plan, fund or program is established or maintained by an ER 3. the plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise 4. benefits are provided to participants and beneficiaries The courts have held that a plan, fund or program under ERISA is established if from the surrounding circumstances,...

CNML Test Exam Questions Revised With Correct Answers < Updated & Already Passed > DRGs - ANSWER : Diagnostic-Related Groups: payment rate based on specific diagnoses Prospective Payment System - ANSWER : Used by Medicare-participating hospitals: pretreatment diagnosis billings based on DRGs; rate decided ahead of time between insurance companies and hospitals Exclusive Provider - ANSWER : Used by HMO's: insurance coverage for contracted providers or institutions ...

Indiana Navigator Exam Questions and Answers Already Passed Auto Assignment the process by which an individual who does not select a Hoosier Healthwise (HHW) or HIP Managed Care Entity (MCE) at the time of the HHW or HIP application, or within 14 days of the submission of the application, is automatically assigned to a Managed Care Entity (MCE) Certificate of Coverage a list of benefits, services, cost sharing, exclusions, and limits applied by a particular health insurance policy. ...

prepaid service plans - correct answer this type of plan provided a set allowance (level of benefit) for hospital/medical services and paid them directly to the provider ex: blue cross blue shield indemnity plans - correct answer plans that reimbursed or indemnified a set dollar amount to the subscriber first dollar coverage - correct answer plan pays benefits from the minute an expense is incurred. the subscriber pays no expense. this model was used in early hospital and medical ...

Montana Insurance Laws and Regulations Exam Questions With Correct Verified Answers A+ Graded policy loans must be available on permanent policies after premiums have been paid for ____ years 3 producers must report insurance fraud to the commissioner within ____ days 60 Which is a nonprofit corporation that provides prepaid health care to members? Health Service Corporation the commisoner must hold a public hearing within ___ days upon written demand by any person 30 ...

1. Question: Green Wave Company plans to own and operate a storage rental facility. Required: For the first month of operations, the company had the following transactions. For each transaction, des cribe the dual effect on the accounting equation. For example, in the first transaction, (1) assets increase and (2) stockholders’ equity increases. 2. Question: Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $22,900. 2. P...

CNML Test with Complete Solutions 2024/2025 DRGs - Correct Answer Diagnostic-Related Groups: payment rate based on specific diagnoses Prospective Payment System - Correct Answer Used by Medicare-participating hospitals: pretreatment diagnosis billings based on DRGs; rate decided ahead of time between insurance companies and hospitals Exclusive Provider - Correct Answer Used by HMO's: insurance coverage for contracted providers or institutions HMOs - Correct Answer Health maintenance o...