what is the purpose of stop-loss insurance that is used with self-insured group medical expense plans? group of answer choices to have a commercial insurer pay claims that exceed a specified limit. to require employees to buy insurance for losses in excess of some specified amount to exempt self-insured plans from state insurance laws that require mandated benefits. to obtain administrative services from a commercial insurer

Answers

Answer 1

Answer:

Stop-loss insurance plan (also known as excess insurance) is a product that provides protection against catastrophic or unpredictable losses.

It is bought via employers who have decided to self-fund their employee gain plans, but do not want to expect 100% of the legal responsibility for losses arising from the plans.

What is the fundamental purpose of give up loss cover?

Essentially, stop-loss insurance plan is a tool used by employers to mitigate towards the risk of catastrophic economic loss. Losses are capped at a positive amount, and any expenses in excess of gotten smaller limits are included by way of the stop-loss insurer.

The stop-loss characteristic in foremost medical contracts serves to assist reduce these costs. The stop-loss feature places a restriction on the maximum out-of-pocket charges an insured ought to incur for health care, above which the policy pays a hundred percent of the final eligible expenses.

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Related Questions

Which is Sam Adams known for?a. writing pamphlets about independenceb. founding the radical Sons of Libertyc. leading troops at Bunker Hilld. working to make peace with Britain
In the ____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints. a) Project Planning b) Business Area Analysis c) Resource Allocation d) Information Technology Strategy Planning
One problem with socially responsible business policies is that they tend to undermine the value of the firm to its owners.True or False?
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People's perception of ________ is their judgment that impartial methods were used to determine the consequences an employee obtains. Group of answer choices interactional justice expatriation outcome fairness procedural justice progressive discipline

Businesses want to produce betterproducts, at better prices, with
better service for customers. Which
of the following is true about
customers?
A. Customers want unlimited goods and resources
from businesses.
B. Businesses can provide unlimited goods and
services for customers.
C. Customers' needs will be satisfied by unlimited
resources.

Answers

Answer:

Explanation:

Which expense might you pay when you rent? A. property taxes B. utilities C. maintenance D. PMI

Answers

Utilities. Since you don't own the property, you are not responsible for paying property taxes. Your landlord should be responsible for any maintenance. PMI is insurance paid on a mortgage - which you wouldn't have as a renter.

Answer:

the answers to this assignment are 1. utilities 2. private Mortgage Insurance 3. 86

Explanation:

did assignment on gradpoint

Your _______ should furnish enough money to live on, in an emergency, for six months. A. savings
B. interest
C. IRA
D. investments

Answers

Your A) SAVINGS should furnish enough money to live on, in an emergency, for six months.

Savings should at minimum be equivalent to the amount you spend for your basic needs for a month. Multiply it for 6 months because in case you are unemployed, you will still be able to meet your needs for six months. Giving you time to recoup and find other employment.

IRA is Individual Retirement Account - This is intended for your retirement.
Investments are usually bonds or securities which may take quite some time before it can be liquidated.

A worker’s positive reaction to a negative performance review from an employer might be to ______.a. ignore the criticisms made at the review
b. address the criticisms made at the review
c. dismiss the criticisms made at the review
d. agree with the criticisms made at the review

Answers

A worker’s positive reaction to a negative performance review from an employer might be to address the criticisms made at the review. The answer is letter B. The rest of the choices do not answer the question above.

Answer: Options A

Explanation: The positive attitude of the worker depicts a strong and simple mentality of that particular. The review by any employer is not done to disrespect or insult the employee rather its is made for the evaluation.

A positive performance review motivates the employee to keep on the good working while the negative one helps him or her to evaluate the mistakes and correct them.

Which career field is dominated by men?a. Dental Assistant
b. Computer Science
c. Preschool teacher

Answers

The career field dominated by men in Computer Science. Thus the correct option is B.

What is a Career?

A career is referred to what an individual chooses as a profession to earn something. A career of an individual is based on his talents, skills, and abilities which help him to seek growth and development and achive the goals of life.

The majority of men work in the field of computer science. According to research, women make up 21.2% of computer scientists while men make up 78.8%.

Electrical engineers, computer network architects, and mechanical engineers are a few examples of professions where men predominate because field work demands more physical strength.

Men predominate in the field of programming computers. But it wasn't always that manner. They merely thought that programming computers were a simple task. Computer programmers are typically male and uninterested.

Therefore, option B is appropriate.

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Computer science is dominated by men.

When both parties are expecting to gain from a transaction, they are conducting a __________ trade.

Answers

When both parties are expecting to gain from a transaction, they are conducting a Voluntary trade. In a Voluntary trade, both the sell and buyers involved in the transaction based on their own free will and expecting to gain a profit from the trade

Answer: voluntary trade

Explanation:

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Ryan wants to sell personal website services to American soldiers in Afghanistan. Because of the difficulty of communicating with people in a war zone, Ryan may have trouble with this segment not being:

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If a pension plan has not established an irrevocable trust to account for defined benefit pension plan contributions and distributions, a government participating in the plan would report its net pension liability in its proprietary fund and government-wide financial statements.True / False.

Aurora Corporation operated without insurance coverage for the first month of 2019. Then, on February 1, 2019, the company paid the $4,800 premium on a two-year insurance policy with benefits beginning on that date. The company uses the accrual basis. How much insurance expense will be reported on the company's income statement for the year ended December 31, 2019? a) $200 b) $2,200 c) $4.600 d) $4,800