elf-insurance is connected to workers compensation. State what is self -insurance and outline three advantages of it.

Q: Describe a private insurance. what is it? Discuss the primary strengths and advantages, and…

A: Private Insurance means an insurance plan which is not operated by the government. It comes under…

Q: what are the three possible action traits of expenses?Can any individual expenses posses all three…

A: The 3 possible traits of expenses are: 1. Variable 2. Fixed 3. Semi- variable   1. Variable expenses…

Q: Define insurance expense.

A: Expense: It refers to the cost incurred by a business to generate revenues in their business…

Q: Which of the following types of insurance does NOT involve a contract with an external party? a.…

A: Introduction Insurance is a form of risk management that helps to protect individuals and businesses…

Q: Differentiate between employer-sponsored pension plans and self-directed retirement plans

A: Both employer-sponsored pension plans and self-directed retirement plans have some underlying…

Q: What is the rule concerning contingent fees for a covered member?

A:

Q: What is a contractual adjustment? How does a health care organization account for a contractual…

A:

Q: How do you report self-employment income?

A: Self-Employment is the business or profession a person does for himself and not for others. A…

Q: The following is a "perquisites" Select one: O a. Medical allowance O b. Club membership

A: Perquisites are the additional benefits paid by the employer to the employee on his position or…

Q: In determining the present value of the prospective benefits (often referred to as the defined…

A: Defined benefit obligation means a defined plan of contribution from employer to employees'…

Q: Describe workers' compensation and explain why it is important.

A:

Q: Which of the following characteristics is typical of group insurance? A.Each employee receives an…

A: Following are the characteristics of group insurance 1. It is a group contract that covers all the…

Q: If an employer contributes to an Health Savings Account (HSA) on behalf of an employee, a. Is the…

A: Generally the contribution made by the employer to the Health Savings Account (HSA) of an employee…

Q: A defined benefit plan is one in which: A.) The employer promises specified payments to employees…

A: A pension plan lets you build up your financial profile through one-time investments or decorations…

Q: Describe the obligations of pension.

A: A pension is a plan of retirement that requires contribution from both the employer & the…