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Aleonysh [2.5K]
3 years ago
9

If you cause a car accident, which type of insurance will require you to pay the least out of pocket

Business
2 answers:
Verdich [7]3 years ago
5 0

If you cause a car accident, which type of insurance will require you to pay the least out of pocket: B.Low deductible plan

<h3>Further explanation</h3>

Deductible is the amount you pay for covered health care services before your insurance plan starts to pay. For example the $2,000 deductible pay. In this case you pay the first $2,000 of covered services yourself. After you pay the deductible, you usually pay only a copayment for covered services. There are two kinds of deductible plan such as low deductible plan and high deductible plan.  Plan type affects your eligibility to use a health savings account (HSA) The high deductibles tend to have lower premiums, whereas the low deductible tend to have higher premiums. Plans with higher deductibles tend to have lower monthly premiums than lower deductibles.

If you cause a car accident, which type of insurance will require you to pay the least out of pocket: B.Low deductible plan. It means if the health insurance plans carry a lower deductible, when you get sick, you pay less money up front before your plan starts paying

<h3>Learn more</h3>
  1. Learn more about deductible plan brainly.com/question/1845375
  2. Learn more about insurance brainly.com/question/11467163
  3. Learn more about car accident brainly.com/question/3100499

<h3>Answer details</h3>

Grade: 8

Subject: business

Chapter: insurance

Keywords: deductible plan, insurance, car accident, pocket, pay

WARRIOR [948]3 years ago
3 0
A low deductible plan is the type of insurance that will require the driver to pay less out of pocket. If a person has a high deductible plan, the out of pocket payment would be a lot higher. A low deductible plan has much higher premiums that must be paid. The high deductible insurance has much lower premiums. After a wreck that is caused by the driver, most insurances will raise the premiums paid. Unless you with an insurance company that accident forgiveness plans. The correct answer to this question is B. Low Deductible Plan. 
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in preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included
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Answer:

In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):

source of cash.

Explanation:

Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.

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3 years ago
416,000 people each receive an average refund of $3,600, based on an interest rate of 3 percent, what would be the lost annual i
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Answer:

$44,928,000

Explanation:

The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.

Lost annual income=number of people who got refund*average refund per person*interest rate of return

number of people who got refund=416000

average refund per person=$3,600

the interest rate of return=3%

Lost annual income=416,000*$3,600*3%

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6 0
3 years ago
Gross Investment 18
kkurt [141]

Answer:

c) $75.

Explanation:

<u>The disposable income is the amount of personal income after taxes</u>

we can solve for taxs using the savings identity:

<em>Savings = Private Savings + Public Savings</em>

where:

Private savings: personal income - personal consumption

and Public Savings = taxes - government spending

We plug the value in the formula and solve for T

5 = 85 - 70 + T - 20

5 = T - 5

T = 10

Now, we derive personal income:

85 income - 10 taxes = 75 disposable income

5 0
4 years ago
Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream
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Answer:

Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream into a lake that has become thick with algae and polluted due to the minerals in the waste matter. The local office of a nonprofit environmental organization successfully lobbies state regulators to stop the farm's pollution.

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Explanation:

The type of private solution to the externality of pollution occurred in this case is  Charities , because the work done by a non-profit organization is a form of charity.

It is crucial to note that sometimes private solutions to externalities do not work for example, this occurs when one party repeatedly holds out for a better deal.This describes the problem of a breakdown in bargaining.

7 0
3 years ago
The practice of changing prices for products in real time in response to supply and demand conditions is referred to as
amm1812

Answer:

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Explanation:

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