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dusya [7]
2 years ago
9

which protects tricare beneficiaries from devastating financial loss due to serious illness or long-term treatment by establishi

ng limits over which payment is not required?
Business
1 answer:
Ipatiy [6.2K]2 years ago
3 0

The factor that protects Tricare beneficiaries from devastating financial loss due to serious illness or long-term treatment by establishing limits over which payment is not required is known to be called catastrophic cap benefit.

<h3>What is catastrophic cap benefit?</h3>

The catastrophic cap is known to be a word that connote the highest or maximum a person and their family can be able to pay so that they can be able to covered TRICARE health care services in all of the calendar year.

Note that this is known to be a plan that tends to protects a person due to the fact that it lowers the amount in terms  of the out-of-pocket expenses a person need to pay for TRICARE covered medical services.

Therefore, The factor that protects Tricare beneficiaries from devastating financial loss due to serious illness or long-term treatment by establishing limits over which payment is not required is known to be called catastrophic cap benefit.

Learn more about catastrophic  benefit from

brainly.com/question/13916894
#SPJ1

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An insurance company receives an application with some information missing and issues the policy anyway. What is this called?
AnnyKZ [126]

Answer:

The correct answer to the following question is Waiver .

Explanation:

The term waiver can be defined as a legally binding provision , in which either of the parties entered in a contract , in their own free will forfeits a claim, and other party would not be liable. These waivers can be in written from or in some sort of action. Here the insurance company has removed the potential liability of the person who has filled the application form.

6 0
3 years ago
Jerry’s loan had a principal of $22,000. He made quarterly payments of $640 for nine years until the loan was paid in full. Ho
kobusy [5.1K]

The amount Jerry paid in interest is $1,040.

The given details are:

Jerry's principal amount = $ 22,000,

quarterly payment for each quarter = $ 640

Total time for which Jerry paid each quarter = 9 years

As we know, one-year consists of nine quarters and therefore the nine years will consist of 36 quarters.

\begin{aligned}\text{Total amount paid by Jerry}=\text{Quarterly payment} \times \text{No. of quarters}\end{aligned}

\begin{aligned}\text{Total amount paid by Jerry}={\$640} \times {36}\end{aligned}

\begin{aligned}\text{Total amount paid by Jerry}=\$23,040\end{aligned}

Thus, the total amount paid by Jerry for nine years in each quarter is $23,040.

\begin{aligned}\text{Amount of Interest}& = \text{Amount jerry paid} - \text{Principal Amount}\\\text{Amount of Interest}& = \$23,040-\$22,000\\\text{Amount of Interest} &= \$1040\end{aligned}

 

Therefore, the correct option is b.

To know more about the calculation of the interest, refer to the link below:

brainly.com/question/16242041

8 0
3 years ago
Assume the owners of the only gambling casino in wisconsin spend large sums of money lobbying state government officials to prot
Oksana_A [137]
When the<span> owners of the only gambling casino in Wisconsin spend large sums of money lobbying state government officials to protect their gambling monopoly. economists will refer to these expenditures as: Rent-seeking

Rent-seeking expenditure refers to an expenditure that happened in during the effort of lobbying external party in order to gain economic favor.</span>
6 0
3 years ago
Adina deposits $1,000 in the bank. The bank can then use her savings to make _____ to/for _____.
Allisa [31]
<span>Adina deposits $1,000 in the bank. The bank can then use her savings to make loans to/for investors. </span>
8 0
3 years ago
Read 2 more answers
As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 30% of Nursery Supplies Inc
kompoz [17]

Answer:

See the explanation below

Explanation:

Share of net income = 30% × $40 million = $12 million

Dividend received = 20 million × $1 = $20 million

The journal are as follows:

<u>Details                                                     Dr ($'million)          Cr ($'million)    </u>

Investment in Nursery Supplies Inc.            63

Cash                                                                                                   63

<u><em>Being the cash payment for investment in Nursery Supplies Inc.              </em></u>

Investment in Nursery Supplies Inc.            12

Investment income                                                                            12

<em><u>Being the a share of net income of Nursery Supplies Inc.                             </u></em>

Cash                                                              20

Investment in Nursery Supplies Inc.                                                 20

<u><em>Being dividend received from Investment in Nursery Supplies Inc.            </em></u>

5 0
3 years ago
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