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1 year ago

There are two types of copayment requirements that may apply to a state, they are?

Business

1 answer:

Nataly_w [17]1 year ago

5 0

They are<u> small fixed copayments</u> or <u>spend-down copayments</u>.

A state may mandate either a small fixed copayment or a copayment that decreases over time.

The cost of approved therapies is split between the insurance plan and the patient through the use of copayments, which are predetermined cash amounts set by the insurance plan. The cost-sharing arrangement of each plan is a significant selling point.

Cost sharing essentially comes in three flavors.

Copayment: There is a defined price for particular kinds of office visits, prescription drugs, or other services.

Coinsurance is the term for a percentage of the overall cost of a covered medical procedure.

To learn more about copayment

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Set up an amortization schedule for a $25000 loan to be repaid in equal installment at the end of each 3 years. The interest rat

Lesechka [4]

Answer:

we must first determine the annual payment:

annual payment = present value / annuity factor

present value = $25,000

PV annuity factor, 10%, 3 periods = 2.4869

annual payment = $25,000 / 2.48685 = $10,052.87

year payment interest paid principal paid ending balance

1 $10,052.87 $2,500 $7,552.87 $17,447.13

2 $10,052.87 $1,744.71 $8,308.16 $9,138.97

3 $10,052.87 $913.90 $9,138.97 $0

in percentages:

year payment interest paid principal paid

1 100% 25% 75%

2 100% 17.36% 82.64%

3 100% 9.09% 90.91%

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3 years ago

think of some examples of products for which people are willing to pay premium prices. Name one such product and explain why you

Fiesta28 [93]

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2 years ago

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Nonamiya [84]

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2 years ago

Rearden Metals is considering opening a strip mining operation to provide some of the raw materials needed in producing Rearden

melomori [17]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today. The mine is expected to generate $16 million worth of ore per year for the next 12 years. At the end of the 12th year Rearden will need to spend $20 million to restore the land to its original pristine nature appearance.

We need to sum each cash flow until the total initial investment is paid:

Number of years= 100,000,000/16,000,000= 6.25 years

To be exact:

0.25*365= 95 days

It will take 6 years and 95 days to recover the initial investment.

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3 years ago

Which of the answer choices shows the correct punctuation? if managers don't prepare for international business trips, by learni

Mandarinka [93]

The correct use is:

If managers don't prepare for international business trips by learning about the culture, they will be at a disadvantage when negotiating deals abroad.

Punctuation means the marks, such as period, comma, and parentheses, used in writing to separate sentences and their elements and to clarify meaning.

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3 years ago