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Charra [1.4K]
3 years ago
7

Why is insurance necessary for businesses and individuals

Business
1 answer:
miv72 [106K]3 years ago
5 0

Answer:

Incase of any emergency like an accident 5hey can support you

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Employer group health plans that have 100 or more enrolled employees are required to provide primary disability coverage for dis
Digiron [165]

Answer:

The correct answer is 65.

Explanation:

If you have a job enrolling in Medicare during a valid Medicare enrollment period, and you have both Medicare and your employer's insurance, these are the rules set by Medicare that decide which coverage you must pay first (called the "primary payer") and what coverage you must pay in the second instance (called "secondary payer"). Generally, the order of payers works as follows:

  • If you have retiree coverage from your employer or union, Medicare usually pays first.
  • If your group health plan coverage comes from your current job (or if you got it from a family member), the primary and secondary payer are determined based on your age, the number of people employed by your employer and the reason you have Medicare, either because of your age, disability, or End-Stage Renal Disease (ESRD).
  • If you are under 65 and have a disability, and you or a family member is still working, your group health plan pays first if any of your employers has 100 or more employees.
  • If you are over 65 and you or your spouse are still working, your group health plan pays first if any of your employers has 20 or more employees.
  • If you have Medicare because of an ESRD, your group insurance plan pays first for the first 30 months after you become eligible for Medicare. Medicare will pay first after the 30-month period.
  • Typically, liability insurance, no-fault insurance (including auto insurance), pneumoconiosis benefits, and worker's compensation pay first for your related coverage.
  • Medicaid never pays first for Medicare-covered services, but only pays after Medicare, employer group health plans, and / or Medigap (Medicare supplement) plans have paid.
6 0
3 years ago
What is the minimum amount due on the following credit card statement?
Ber [7]

Answer:

It can be tempting to pay the minimum amount due on your credit card bill, but it can be really expensive in the long run. Here's what happens if you only pay the minimum on your credit card.

7 0
3 years ago
Read 2 more answers
A company produces very unusual CD's for which the variable cost is $ 17 per CD and the fixed costs are $ 30000. They will sell
Alika [10]

Answer:

Explanation:

Let we assume the number of CD produced be X

So, the total cost would be

C = Fixed cost + variable cost × number of CD produced

   = $30,000 + $17X

For total revenue, it would b

R = $63X

For total profit, it would be

P = Selling cost per CD  × number of CD produced - variable cost per CD × number of CD produced - fixed cost

= $63X - $17X - $30,000

= $46X - $30,000

For number of CD, it would be

0 = $46X - $30,000

X = $30,000 ÷ $46

   = 652 CD for break-even

4 0
3 years ago
When commercial banks need more Federal Reserve Notes, Question 16 options: they call the Bureau of Engraving and Printing, whic
romanna [79]

Answer:

they call their Federal Reserve District Bank, which delivers the requested amount.

Explanation:

The Federal Reserve System (popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America, which are commonly referred to as Federal Reserve District Bank.

The Fed provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."

Hence, when commercial banks such as the regular banks in societies need more Federal Reserve Notes, they call their Federal Reserve District Bank to deliver the requested amount to them.

Additionally, currency in circulation includes all of the US paper currency (dollar bill) that are available in the country while reserves refers to the minimum deposits being held for the U.S Treasury and depository financial institutions by the Fed.

5 0
3 years ago
Why is it called Chick-Fil-A when a Fil-A (filet) is normally cooked with beef???
Jet001 [13]
Because most of their food consists of chicken? They barely have any beef on their menu
6 0
3 years ago
Read 2 more answers
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