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Can you designate the primary and secondary insurance coverage and declare not to pay because of no out of pocket expenses?
Wiki User
∙ 12y ago
Sure, why not?
Wiki User
∙ 12y ago
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Can a wifes maternity expenses be covered by the husbands insurance if her insurance does not have coverage?
If you both have coverage the wife's policy will be primary, and the husband's will be secondary - provided the wife is covered under the husband's policy. Submit the unpaid claims to the secondary carrier.
What are Small amounts of money for incidental expenses?
umm i think it is insurance coverage
What kind of insurance is CAA travel insurance?
CAA travel insurance is coverage for unexpected expenses incurred while one is traveling. Expenses such as medical, accident, baggage and rental car costs can be included.
What is payment for insurance?
Payment of insurance is nothing but the premium paid towards the insurance policy. The premium amount includes the charge of coverage per unit (for example, the charge of coverage for $1000 might be $10. So, to have an insurance coverage for $10,000 the charge of coverage would be $100) plus the expenses incurred by the insurance company for the policy.
Can you get insurance coverage for expenses like gasoline or utility expesenses?
I've never heard of such a thing.
What is first dollar medical coverage?
First dollar coverage in health insurance means that your insurance covers health care expenses without copayments or deductibles having to be paid first.
What happens if the damages in an accident exceed the insurance coverage of the person at fault?
You need a life insurance policy to cover the risk of death and a health insurance policy as a cushion against hospitalisation expenses. Buy Personal Accident Insurance Coverage :
What exactly does free auto insurance quote mean?
customer buy insurance policy to keep themselves safe against loss, policies could be acquired for harm to a car,to a home,for medical expenses,or for loss of life, Insurance provider provide insurance coverage quotes for you to potential customers to disclose the costs and terms of getting insurance coverage from their respective business, In many cases,the higher the chances of damage,the higher expenses of the insurance coverage
What is PIP in insurance?
In insurance, PIP is an acronym for Personal Injury Protection. In some states, PIP provides coverage for an insured person for certain "reasonable and necessary" expenses. The types of expenses that qualify for PIP coverage vary from state to state, but some examples of expenses may include: loss of services, income continuation, medical and hospital expenses, funeral expenses, and child care expenses for bodily injury caused by a covered accident (regardless of who was at fault).
Why would it be a good idea to have medical payments insurance on your auto insurance?
Medical payments coverage generally pays a portion of medical expenses incurred as a result of a collision and resulting injuries. Similar to Personal Injury Protection coverage, it pays expenses without regard to fault for the collision. It can fill in some of the gaps of coverage that may occur in Personal Injury Protection coverage, such as a high deductible. It may also be triggered when all of the benefits of Personal Injury Protection coverage are used, and pay additional medical expenses incurred. This coverage has nothing to do with physical damage to the vehicle. It pays benefits only for medical expenses incurred from the collision.
Paid 11520 for six months insurance premium what will be the journal entry?
debit prepaid insurance 11520credit cash 11520Debit Insurance Expense 1,920 Debit Prepaid Expenses 9,600 Credit Cash 11,520 This assumes the payment is made in the first month of coverage. If the payment is made before the coverage begins, the entire amount would be posted to Prepaid Expenses. If the payment was made after the coverage began (for example, in the second month of coverage), you would post the remaining number of months times 1,920 to Prepaid and the balance to Insurance Expense.
What does coinsurance mean in medical insurance's?
It's secondary or tertiary insurance that is held to cover any medical expenses the primary insurance policy does not cover or does not cover completely.
