Question 4: Of the cafeteria plans listed, which is NOT a voluntary nontaxable deduction? Answer: А. Medicare В. O Group-term life insurance С. Medical care reimbursements D. O Adoption assistance

Q: How does Medicare reimburse physician services?

A: Reimbursement is the process of paying back someone the expenses that they have incurred initially.…

Q: Which of the following is NOT true about a temporary insurance agreement? Select one: a. It can only…

A: Insurance agreement:Insurance agreement is when two parties come together and join hands that one…

Q: 4a Describe the resource-based relative value scale payment method used by Medicare to reimburse…

A: The Centers for Medicare & Medicaid Services (CMS) and the majority of other payers implement…

Q: A sub-capitation payment is a:

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: withholding

A: Tax indexing is actually the adjustment of different rates of taxation in response to inflation to…

Q: Research about and in your own words, describe the different EXCLUSIONS FROM GROSS INCOME: Ø…

A: Deduction in respect of life insurance (80C) The provisions of sub-section (2) shall apply only to…

Q: How does Medicare reimburse hospitals for inpatient stays?

A: Reimbursement of expenses is the process through which the out-of-pocket expenses are compensated by…

Q: Question 5: Identify each item as describing Form 941, Form 940, or both. A. Includes a voucher that…

A: Form 940 and Form 941 are both federal taxation forms for employment. Form 940 is filled annually…

Q: 20. The written insurance document that may include all clauses, exception and conditions is called…

A: The written insurance document that may include all clauses, exception and conditions is called…

Q: Transfer payments include i. social security benefits ii. medicare and medicaid benefits iii.…

A: Transfer payment is the payment by the government for which nothing has not been received in return.…

Q: Question 2: A sets aside funds to be used for health-care expenses. Answer: flexible spending…

A: Health-care expenses are the expense incurred for medical purposes. The company maintains an account…

Q: Question 7: Barring any special circumstances, over what age is an individual eligible to receive…

A: A person, be age 65 or older, must be having qualifying disability to receive medical benefits

Q: Give typing answer with explanation and conclusion to all parts Though limited, which of the…

A: Medicare is a federal health insurance program in the United States that provides coverage for…

Q: Loans are available from term life insurance policies.   a.   True   b.   False

A: Policy loans are not available from term life insurance policies. Because there is no cash value to…

Q: 13. Life insurance is necessary because it can provide (among other things) the benefits. Which of…

A: A policyholder must pay a single payment up front or regular premiums over time in order for their…

Q: hich type of insurance is not deductible as self-employed health insurance? a. Long-term care…

A: Deduction -Taxpayers have the option to itemize their deductions, which entails claiming deductions…

Q: dissimilar to the other three options? d. Motor insurance b. Personal property insurance С. Life…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

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: O Liability Insurance Expense.

A: Sud account is smaller account under a larger account . It is uesful to track different activites…

Q: Which type of account can be used as a retirement savings account?    Section 529 Plan.  Health…

A: A Health Savings Account (HSA) is a tax-advantaged account that enables individuals to save money…

Q: eived. a. amount charged

A: UCR costs are the rates that are usually levied or prevalent for health services in a certain…

Q: A "waiver-of-premium" clause: Select one: a. allows the person to purchase additional insurance at…

A: Insurance policies often come with various clauses to address specific circumstances and provide…

Q: Which of the following are deductible medical expenses? Select all that apply. O Nonprescription…

A: Medical expense are the expenses incurred by a person for the well being of the health and related…

Q: 19. is the document that acknowledge the insured legally entitled to receive the payment from the…

A: Insurance is a financial mechanism that protects an insured asset from various risks. There are many…

Q: Which of the following items is required by the Life Insurance and Annuity Replacement Rule? A. A…

A: The answer is stated below:

Q: Which of the following is an example of mandatory deduction?

A: Deductions are the amount of money which is made on the income or on the earnings of the employee…

Q: 8. What is the difference between a copay and coinsurance? a. Copay is typically a percentage of the…

A: Health insurance is an agreement between insurer and insured where insurer is liable to pay for…

Q: 18. A warning on duty to disclose changes affecting the existing policy inspection are sent to…

A: Insurance is a financial mechanism that protects an insured asset from various risks. There are many…

Q: Examples of health insurance offsets include all of the following, EXCEPT: a) Co-pays b)…

A: The question is based on the concept of health insurance and cover under the health policy.