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This is the amount paid by the insurance company to the doctor. It is the negotiated rate less the amount that you paid in the form of a copay, a coinsurance, or a deductible.
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∙ 14y ago
Lonnie Starr
what is the total amount of insurance I have?
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What is the anwer for the amount payable by an insurance company for a monetary loss to an indiviual insured by that company under each coverage?
holder
Is dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
Is life insurance policy from the federal glass company still payable?
Yes it is payable with different rates
Is accounts payable a debit or credit?
Accounts Payable is the amount which is payable by company for the merchandise purchased by company but payment is due in future, as it is the liability of company so like all liability accounts it has credit balance as normal balance.
What does it mean to debit policies in the insurance industry?
to deduct money from the payable amount of the policy
What is accounts payable balance sheet?
Accounts payable on the balance sheet is the amount of money the company owes its vendors from invoices the company has received from them (and assuming the company agrees they owe the money)
What is a Current liability on the balance sheet?
Current liability is that amount which is payable by company within one fiscal year and the amount payable to creditors or other third parties.
What statement does Accounts payable show?
Balance sheet of the company shows the total amount of accounts payable for a fiscal year of business.
What is the meaning of bills payable and what are the difference between bills payble and accounts payable?
Bill payable means that bill is issued for the clearence in future date. Bill payable is issued for a temporary sattlement to accounts payable. Accounts payable are the creditors of company and which creditors required amount in emergency basis company issue them the note to be used until the actual payment is cleared so bill payable is the temporary document of evidance that amount is owed by company to creditors and creditors can use that note to fulfil their financial needs.
What are loss payable provisions?
Loss payable provisions are clauses in insurance policies that designate a third party, such as a lender or financial institution, as the payee in case of a covered loss. This ensures that the third party will be compensated directly for any claims related to the insured property or asset. Loss payable provisions are commonly used in situations where there is a financial interest in the insured property beyond the policyholder.
What is Florida's requirements for PIP insurance?
A: Medical benefits are payable at 80% of the amount incurred due to a covered injury. The amount of death benefit payable for an insured person is $5,000. Disability benefits are payable at 60% of any lost wages incurred due to a covered injury. The total amount payable under PIP for any one accident is $10,000.
Is Claim amount payable in a health insurance is equal to medical expenses less deductible?
I don't quite understand your question. There might also be co payments, ie 80/20 and "negotiated" rates - discounts from the Medical Provider to the insurance company.
