Deductible

reduce the pain in my lower back. Luckily, I have a good enough policy that will cover my medical expenses from uninsured motorists up to $5,000. The bad part of having uninsured motorists on my policy is that I am currently out of $500 which is my deductible. Unfortunately, most people don’t have uninsured motorists on their policy. Most people don’t have uninsured motorists on their policy because in most states you can have collision or uninsured…

Medicare is an insurance plan that is geared into providing health support and care to individuals living in the United States without paying any attention to their income level or their health status. The federal health insurance program caters a number of expenses that concern Medicare. These expenses are catered for by an external body, Centers for Medicare & Medicaid Services (CMS), which happens to be an affiliate of the United States department of Health and Human Services. Citizens who…

2018 High School Co-op Assignment RRSP 1) A RRSP is a Registered Retirement Savings Plan, this is meant to shelter investments, allowing them to grow tax free until you retire. An RRSP doesn’t only hold cash. It can also hold stocks and mutual funds. The only tax you pay on an RRSP would be when you make a withdrawal. One of the benefits of an RRSP is to reduce your taxable income. For example, if you make $90,000 in a year and don’t contribute any money into a RRSP, you will be taxed on…

1 John Xuan Dinh RMI 2101 Prof. Wilkins Fall 2016 Homework Assignment 5 20 Points A. What is the ACA? Explain in detail the purpose of the law and how it is intended to operate. What are the key features of the ACA? [10 Points] Health care in the United States has many serious long term issues. First, there are millions of uninsured people. Second, people who do have insurance tend to pay more for it than they would in other comparable countries. The Affordable Care Act, also known as Obamacare,…

CASH FLOW ANALYSIS Cash Flow Analysis Leveraging is defined as the use of borrowed capital to carry out business in hope of getting returns to repay. A limited leverage is important because financial leveraging allows a strong access to capital. To start, people of companies who do not have the initial capital, leveraging can help one kick start the business if used wisely. However, there should be limits on the amount of leverage to expose your business as it comes with risks. For…

the IRS. You can contribute up to 25 percent of an employee?s income or a maximum of $53,000 per year to a SEP plan. If cash flow becomes an issue, an employer can change the contribution amount every year. For employers, the contributions are tax deductible. One con to a SEP plan is that it can become costly when you add more employees as your business grows. The business owner or employer makes all of the contributions to this type of account, and every employee must receive equal percentage…

1. How should Polson communicate its new health benefits plan to employees? Communication of the new plan is extremely important if they want the employees to approve and commit to a managed care network. Employees need to have an understanding of the financial incentives that are present for staying in the network instead of using the traditional insurance side. In addition details of the new plan has to be explained to the employees in a clear way. Polson uses an approach of holding many…

support and mental health counseling. POS plans combine elements of HMOs and PPOs. This plan was introduced in the mid to late 1990s. Members select in-network primary care physicians and may choose out of network providers. Members will pay higher deductibles and co-insurances for this benefit or may utilize referrals from their primary care physician. Unfortunately, due to high costs the POS plans…

In addition to the similarities and differences of preferred/common stock, there is also several offerings that can be done. Common stocks can be privately owned (owned by single individual), closely owned (owned by a small group of investors) or publically owned (owned by various individuals or institution of no relation). There are also different options that can be included in the agreement to essentially protect the investment that is being made because the last thing anyone wants is to…

know how fragile the economy is currently and gas prices can go up at the drop of a dime which would lead to increased prices on groceries and utilities. You can also run into a medical emergency which would cause you to find enough money for your deductible and the needed testing. I believe that I wasted money is clothes and miscellaneous items. I currently have a closet full of clothes, shoes, and accessories and I don’t need any new outfits. Especially when I wear scrubs six days a week. I…