All categories

3 years ago

A fee-for-service plan is an insurance plan that pays their share of covered_ __

Business

1 answer:

SIZIF [17.4K]3 years ago

3 0

Answer:

A fee-for-service plan is an insurance plan that pays their share of covered health plan after treatment is provided, once the policyholder has paid the expenses and any co-pays.

Explanation:

A fee for service plans allows the insured to choose the doctor and generally the place where he/she will receive medical treatment. The insurance company pays most of the expenses, and they are generally reimbursed to the insured. This type of plans have seen huge increases in premiums due to high costs.

You might be interested in

A monopolist faces a

Maru [420]

Answer:

Explanation:

8 0

3 years ago

Whice of the following best describes the objective section of a lesson plan

Elanso [62]

The answer of the above question is

8 0

3 years ago

Sue plans to mix peppermints worth $1.20 per lb with chocolates worth $2.40 per lb to get a 40 lb mix that is worth $1.65 per lb

Lunna [17]

Answer:

Each should be used as follows:

Weight of peppermints = X = 25 lb

Weight of Chocolates = Y = 15 lb

Explanation:

Suppose

Weight of peppermints = X

Weight of Chocolates = Y

So According to given condition

X + Y = 40 (Eq. 1)

1.2X + 2.4Y = 1.65*40

1.2X + 2.4Y = 66 (Eq. 2)

By multiplying (Eq. 1) with 1.2 we get

1.2X + 1.2Y = 48 (Eq. 3)

Now by subtracting (Eq. 2) from (Eq. 3)

(1.2X + 1.2Y) - (1.2X + 2.4Y) = 48 - 66

1.2X + 1.2Y - 1.2X - 2.4Y = -18

1.2X - 1.2X + 1.2Y - 2.4Y = -18 (Rearrange)

-1.2Y = -18

1.2Y = 18

Y = 18/1.2

Y = 15

By placing value of Y in (Eq. 1)

X + 15 = 40

X = 40 - 15

X = 25

<u>Check</u>

1.2X + 2.4Y = 66

1.2 (25) + 2.4 (15) = 66

66 = 66

6 0

3 years ago

Bank A pays 10% interest compounded annually on deposits, while Bank B pays 9% compounded daily. a. Based on the EAR (or EFF%),

Pie

Answer:

Bank A should be chosen.

Explanation:

Given:

Effective annual rate (EAR) of bank A = 10%

Bank B pays 9% compounded daily. EAR of bank B is calculated below:

EAR = $( 1+\frac{i}{n})^{n} -1$

Where, i is 0.09

n is compounding period that is 365 (since it is compounded daily)

EAR = $( 1+\frac{0.09}{365})^{365} -1$

= 1.0942 - 1

= 0.0942 or 9.42%

Bank B pays EAR of 9.42%

Based on EAR, Bank A should be selected as it pays higher EAR of 10%.

3 0

3 years ago

he long-run average total cost of producing 100 units of output is $4, while the long-run average cost of producing 110 units of

Firlakuza [10]

Answer:

Constant Return to Scale

Explanation:

Based on the information given the numbers

suggest that between 100 and 110 units of output, the firm producing this output has CONSTANT RETURN TO SCALE.

Constant Return to Scale occurs in a situation where the proportional increase in all the inputs is as well equal to the proportional increase in output which means the returns to scale are constant , which is why RETURNS TO SCALE help to describe all what happens to long run returns when the scale of production increases.

Therefore Constant returns to scale often occur when the output increase in exactly the same way or the same proportion as the factors of production.

4 0

3 years ago

A fee-for-service plan is an insurance plan that pays their share of covered_____ ______

A fee-for-service plan is an insurance plan that pays their share of covered_ __