Problem 11-7 Evaluating Health Insurance Options (L011. 4)
Ronald started his new job as controller with Aerosystems today, Carole, the employee benefits clerk, gave Ronaldo packet that
contains information on the company's health insurance options, Aerosystems offers its employees the choice between a private
insurance company plan (Blue Cross/Blue Shield), on HMO, and a PPO, Ronald needs to review the pocket and make a decision onwhich health care program fits his needs. The following is an overview of that information
Answers
Based on the plan that Ronald chooses, the annual medical costs that he will pay using the sample medical expenses is $1,109.08.
What is Ronald's annual medical cost?This can be found as:
= Annual premium + Deductible + Total coinsurance cost
Annual premium is:
= 43.34 x 12 months
= $520.08
Total coinsurance cost:
= (((Physician visits x Cost per visit) + Cost of prescription) - Deductible) x Coinsurance percentage)
= (((5 x 110) + (66 + 90) - 156) x 25%)
= $39
Annual medical cost:
= 520.08 + 550 + 39
= $1,109.08
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Related Questions
100 percent of your income after you re tire will probably come from social security
and the companies that employed you.
Is it true or false?
Answers
Answer:
average, retirement beneficiaries receive 40% of their pre-retirement income from Social Security. As you make your retirement plan, knowing the approximate amount you will receive in Social Security benefits can help you determine how much other retirement income you'll need to reach your goals.
Explanation:
please mark me as brainlist itt is trueMunicipal general obligation bonds are ____.
a. always subject to federal taxes; always exempt from state and local taxes.
b. supported by the municipal government's ability to tax; supported by the municipal government's ability to tax.
c. typically zero-coupon bonds; typically zero-coupon bonds.
d. supported by the municipal government's ability to tax; supported by revenue generated from the project.
Answers
The municipal obligation bond supported by the municipal government's ability to tax; supported by revenue generated from the project.
What is Municipal bond?Municipal bond can be define as a form of debt or tax security which is normally issued by either a state or country and even municipality in order to provide financial assistance to it's capital expenditure including schools, bridges or highways.
General obligation bondsare municipal bonds which provide a way for state and local governments finance projects that may not generate a revenue .
Therefore, The municipal obligation bond supported by the municipal government's ability to tax; supported by revenue generated from the project.
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In The Federalist paper number 10, James Madison expressed concern over the possibility that both majority and minority factions would have too much power over government, and he presented ways of minimizing that danger. The United States Constitution established a democratic government but also contained several provisions that limited majority rule. Throughout the next two centuries, the role of majority rule in the United States government and politics continued to change. Respond to all parts of the question:_______.
(a) Identify the part of the national government that was originally most closely tied to citizens and explain how it was tied to citizens.
(b) Explain two ways the United States Constitution limited majority rule.
(c) Choose two of the following twentieth-century developments and explain how each moved the United States from a less democratic system to a more democratic system. Primary elections The Seventeenth Amendment Expansion of suffrage
Answers
This agency is responsible, through its Division of Financial Institutions, for ensuring that each state-chartered financial institution is safe to use and for enforcing the state’s bank regulations
Answers
The FDIC is the body that is responsible for ensuring that the banks of the US are safe to use.
What is the FDIC?This is the federal regulator of banks in the United states. This body helps to ensure that insured banks and savings associations are supervised.
It stands fully for Federal Deposit Insurance Corporation. It also helps to protect the customers of the banks.
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While Rebekah was shopping at Target, she noticed a Starbucks near the entrance, which prompted her to stop for coffee. This is an example of a
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An example of store within a store is the setting that allowed Rebeekah to notice the Starbucks near the entrance at Target and prompted her to stop for coffee.
What is store within a store?This an agreement where the retailer rents a part of the retail space to be used by a different company to run another shop.
In coinclusion, the agreement makes Rebecca be able to see the Starbuck store while shopping at Target.
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Lighting equipment listed for horticultural use and connected with flexible cord shall have outlets that are _______.
Answers
There are ground fault circuit interrupted outlet for Lighting equipment listed for horticultural use.
What is ground fault circuit interrupter?A ground fault circuit interrupter serves as one that help prevent electrocution.
The Lighting equipment when connected with ground fault circuit interrupter makes the working environment a safe one. GFCIs are generally installed where electrical circuits may accidentally come into contact with water.
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Which is the best example of ethical investing?
A. Lucy buys stock in a local recycling company.
B. Fred invests in a makeup company that tests on animals.
C. Rick buys stock in a company that moved its operation to a state
that will let it flush its pipes into nearby waterways.
O D. Ethel invests in a company that saves money by paying its staff
low wages.
Answers
Answer:
A. Lucy buys stock in a local recycling company.
Explanation:
_______ is(are) the total compensation an employee earns including wages, salaries, commissions, bonuses, and any compensation earned before deductions such as taxes.
Answers
Renumeration is the total money or compensation an employees earn which include salaries, wages and so on.
What is Renumeration?Remuneration refer to the total sum of money paid to an employee. It can include a salary or inform of hourly rate, bonuses, commissions, or any form payment. Remuneration is define as the sum total of income and other taxable benefits and allowances.
Therefore, Renumeration is the total money or compensation an employees earn which include salaries, wages and so on.
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Which international agreement requires its member countries to establish border procedures for searching international shipments of goods?
Answers
The International Convention on the Simplification and Harmonization of Customs Procedures requires its member countries to establish border procedures for searching international shipments of goods.
What is International Convention of Customs Procedures?It is a convention that was created in 1973 an in other to help simplify custom proceduers.
They help with signatories and this has help to facilitate international trade.
Therefore, the International Convention on the Simplification and Harmonization of Customs Procedures requires its member countries to establish border procedures for searching international shipments of goods.
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What is the best hira methods to use for a complex process design during the operation phase of the process life cycle
Answers
HAZOP is the best Hira method to be use for a complex design during a phase operation.
What is HIRA?Hazard identification and risk analysis entails all all activities that are carry out to dentify hazards and evaluating risk at facilities all through their life cycle and the method use to control them.
What is HAZOPHazard and Operability Study (HAZOP) is
a technique use identify hazards and operating problems by employing the usage of guide words to study process deviations. A HAZOP is used to question all aspect of a process to discover what deviations from the intention of the design happened and what could be it's causes and consequences as well.
Therefore, HAZOP is the best Hira method to be use for a complex design during a phase operation.
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Duracell, a company well-known for manufacturing alkaline batteries, derives its strategic position from which source
Answers
Duracell is able to derive its strategic position from Few competitors, broad market.
Why is Duracell popular?
Duracell is popular because they have a great strategic position. This position comes from the fact that they have few competitors in a market that serves a very broad base.
As a result, they are able to sell to a lot of entities which makes them very successful.
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Philippa is getting ready to start preparing the income statement for General Graders, a company that manufactures graders used by large mining companies. What financial document has Philippa already prepared?
Answers
The financial document that Philippa has already prepared is the cost of goods manufactured schedule.
What is a financial document?It should be noted that a financial document simply means a document that's necessary in an organization to carry out transactions.
In this case, since Philippa is getting ready to start preparing the income statement for General Graders, the financial document that Philippa has already prepared is the cost of goods manufactured schedule.
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When planning for inventory, a company's goal is to have?
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Answer:
The primary objective of inventory planning is to satisfy the needs of company customers. Whether the customer is a direct consumer, a distributor or another department within the company, inventory management should provide the best-quality service.
Gordon ramsay made his tv debut on which competitive cooking show?.
Answers
If a union of brokers in New York State bound together and agreed to only accept commissions of 9% or higher, far more than the typical 6% in a transaction, what may they be held liable for...?
Answers
If a union of brokers in New York State bound together and agreed to only accept commissions of 9% what may be held liable for is: Price fixing.
What is price fixing?Price fixing can be defined as the process in which market competitors decide to enter into an agreement concerning a market price by fixing a particular price on a product.
Based on the given scenario the union of brokers are making use of price fixing because they both agreed to accept a commission of 9% or higher.
Inconclusion what may be held liable for is: Price fixing.
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What is a handout? When would it be useful to use a handout?.
Answers
Answer:
A handout is a written aid you provide to the audience. It would be helpful to use a handout if your speech contains detailed information that the audience may not remember without a tangible reminder. It may also be useful to use a handout for "how-to" speeches, to outline the step-by-step instructions.
Explanation:
Answer:
Handouts are printed materials that can be distributed to the audience. It would be best to use these when you have a very details speech, they won't remember every word, so you could have it written down so when they want, they can check it out later on after the speech.
Explanation
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The price of sugar that prevails in international markets is called the:.
Answers
The price of sugar that prevails in international markets is called the: Market futures price.
Market Futures priceThe price of any commodity, sugar inclusive is usually quoted in two different ways.
The first of which is the market or the market futures price, which is the price reported in the news and regarded as the global trading price for such commodity. The spot price, on the other hand, is the cash price of commodities. This is what traders actually use for such commodity on the day of purchase.
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From the statements below, identify the way or ways in which making only minimum monthly payments on a long-term credit purchase can be a disadvantage. I. It is illegal to make only the minimum payments for more than one year. II. Repeatedly making minimum payments harms your credit score. III. The total cost is higher if the length of the debt is longer. A. I and II b. II only c. I and III d. II and III Please select the best answer from the choices provided A B C D.
Answers
If an interest-free period lasts between 12 and 14 months or longer, it is considered long-term. This is useful if you are making a major purchase and need extra time to pay it off without incurring interest.
what is the EMI process?In the case of an EMI-based purchase or loan, the more you pay, the more times you pay.
If we make more payments or installments during the EMI process, we must pay more interest, which is a significant disadvantage of an EMI-based loan.
Similarly, if we consistently make minimal payments, our credit score would suffer as a result.
As a result, Option "D" is the correct answer.
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The long-term period is considered when an interest-free duration stays between 1 year and 14 months or more prolonged. This is useful if a person is making a major purchase through the EMI process.
What is the EMI process?The EMI stated the equated monthly installments. It is a fixed payment created by a recipient to an investor on a stipulated date of every month.
This process is mainly used to require extra time to pay the full payment in installments without investment interest.
If the purchase is made through an EMI process, the borrower must pay overmuch interest, which is a considerable burden or disadvantage of a loan that is based on EMI.
Likewise, if a borrower always makes the tiniest payments, as a result, his credit score would suffer.
Therefore, option D is correct.
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If a beneficiary wants a guarantee that benefits paid from principal and interest would be paid for a period of 10 years before being exhausted, what settlement option should the beneficiary select
Answers
The settlement option that the beneficiary, who wants a guarantee that benefits paid from principal and interest would be paid for a period of 10 years before being exhausted, is C) Fixed Period.
What are settlement options?Settlement Options are choices of the policy owner when the insured lives to the endowment (maturity) date of the policy.
The settlement options become the choices of the beneficiary of the policy when the insured dies, especially, if the policy owner has not chosen one prior to death.
Answer Options:A) Fixed Amount
B) Fixed Income
C) Fixed Period
D) Fixed Time
Thus, the settlement option that the beneficiary should select is C. Fixed Period.
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If marginal propensity to consume equals 0.6 and the change in income is $12 billion, what is the change in consumption
Answers
Based on the marginal propensity to consume and the change in income, the change in consumption was $7.2 billion.
What was the change in consumption?The change in consumption can be found as:
= Change in income x Marginal propensity to consume
Solving gives:
= 12 billion x 0.6
= $7.2 billion.
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The Answer Is:
$7.2 Billion
Syncadia Inc. believes in focusing on hiring the best talent rather than hoping to develop mediocre talent over time. It can be said that Syncadia's talent management strategy invests more in employee selection than in _____. a. employee outsourcing b. employee training c. employee compliance d. employee absenteeism
Answers
Syncadia's talent management strategy invests more in employee selection than in employee training.
What is Employee Selection and Training?
Employee Selection is the process whereby Organisations recruit individuals with the desired skills and qualifications for a particular Job role.
Employee training is a process whereby organisation recruit individuals with the plan to teach the specific knowledge or skills in order for them to be able to perform their current roles.
Because Employee training is expensive and focuses on employee future performance,many organisation recently would rather opt for the right person that matches the required job role.
Hence, we can conclude that Syncadia's talent management strategy invests more in employee selection than in employee training.
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Your school is having a book fair! books cost $5. 50 and magazines cost $3. Genesis bought a total of 7 items and spent a total of $28. 50 at the fair. How many books and how many magazines did she buy?
Answers
Let us set up some variables:
b: # of books
m: # of magazines
Let us set up some equations based on the known facts:
Genesis bought a total of seven books --> b + m = 7Genesis spent a total of $28.50 --> 5.5b + 3m = 28.5Equations:
b + m = 7 -- equation 15.5b + 3m = 28.5 -- equation 2Start Solving:
(Equation 1) * 3
3b + 3m = 21 -- equation 3
(Equation 2) - (Equation 3)
2.5b = 7.5
b = 3 -- equation 4
(Equation 4) plug into (Equation 1)
3 + m = 7
m = 4
Solutions: Genesis bought 3 books and 4 magazines
Hope that helps!
Which transaction fails to produce gains from trade for both buyers and sellers?.
Answers
Non- market transaction fails to produce gains from trade for both buyers and sellers.
What is non- market transaction?This trade or transactions involves goods and services that are provided or given free or almost free by the producer.
If there are prices attached to the goods they often do not contributes to overall profit.
Therefore, Non- market transaction fails to produce gains from trade for both buyers and sellers.
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Several conditions must exist for market segmentation to be successful. These conditions include all of the following except Group of answer choices the company must be able to reach the chosen segment with a particular marketing mix. segments must be identifiable and divisible. the total market should be divided so that segments can be compared on sales potential, costs, and profits. customers' needs for the product must be homogeneous. at least one segment must have enough profit potential to justify developing and maintaining a special marketing mix for that segment.
Answers
A condition that is not needed for market segmentation is customers' needs for the product must be homogeneous.
What is market segmentation?
Segmentation is the division of people into certain groups based on shared characteristics. In demographic segmentation, people are placed into groups based on age, gender, ethnicity and other demographic factors.
If consumers needs are homogenous, segmentation would not be successful as there would be no need for segmentation.
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ESPN 30 for 30 – BROKE
Tell me your initial reaction, what do you think the film is about?
What do you think of the amounts of money pro athletes make?
How did sports salaries change in the 1990’s?
What contributed to that change?
Explain the phrase “Keeping up with the Joneses”.
Why do you think that phrase may lead to bad money management decisions?
What are some of the bad investments these athletes made?
How could athletes like Andre Rison and Allen Iverson have prevented personal bankruptcy?
What money management lessons could the average person learn from these stories?
If you were a financial planner, how would you handle a pro athlete’s money?
Answers
Answer:basket ball
Explanation:
well if you paratactic then you get better
Now consider the long-run impact of the change in money growth and inflation. According to the Fisher effect, as expectations adjust to the new, higher inflation rate, the nominal interest rate will
Answers
Answer:
The Fisher effect and the cost of unexpected inflation Suppose the nominal interest rate on car loans is 11% per year. If borrowers and lenders expect an inflation rate of 2% per year, the expected real interest rate is _____per year. Suppose the Fed unexpectedly increases the growth rate of the money supply, causing the inflation rate to rise unexpectedly from 2% to 6% per year. In the short run, the real interest rate on car loans will ________to 5% per year. The unanticipated change in inflation arbitrarily benefits ____________. Now consider the long-run impact of the change in money growth and inflation. According to the Fisher effect, as expectations adjust to the new, higher inflation rate, the nominal interest rate will __________ to 9% per year.
Lionel works for a company that is trying to reduce travel time for their employees and allow more people to work from home. What kind of cloud service can Lionel use to attend meetings with his remote coworkers?
A. Desktop as a Service.
B. Video conferencing application.
C. Cloud storage.
D. Cloud-hosted training modules.
Answers
The kind of cloud service that would help Lionel attend meetings with remote coworkers is a B. Video conferencing application.
What is a Video conferencing application?It is an application that allows for different people in various locations to have a video call with each other at the same time.
Lionel can use this app to talk to remote coworkers in various locations provided that they have an internet connection.
In conclusion, option B is correct.
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In addition to factors associated with pricing calculations, entrepreneurs must also consider their______.
Answers
In addition to factors associated with pricing calculations, entrepreneurs must also consider their revenue.
What is revenue?Revenue is the total income that a particular individual or organization generated through the sales of a particular goods and services.
For a business to be viable the revenue should be considered.
Therefore,In addition to factors associated with pricing calculations, entrepreneurs must also consider their revenue.
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Anyone who wants to use copyright material must obtain permission from the copyright owner in the form of a ____.
Answers
Answer:
license
Explanation:
Researchers assess the value of a project by comparing the Blank______ of answering some of their questions and the Blank______ associated with conducting the research.
a) benefits; costs
b) quality; difficulty
c) difficulty; costs
d) benefits; difficulty
Answers
It should be noted that Researchers assess the value of a project by comparing the benefits of answering some of their questions as well as the cost associated with conducting the research.
What is a project?A project can be regarded as an undertaking which is been carried out collaboratively and entail research or design, that is carefully planned to achieve a goal.
It is necessary for a Researchers to assess the value of a project by comparing the benefits of answering some of their questions .
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