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What term refers to the amount you or your employer pays in exchange for insurance coverage?
The premium is the dollar amount paid in exchange for insurance coverage.
Which term refers to the amount you or your employer pays in exchange for insurance coverage?
Premium a+
What terms is the amount you or your employer pays in exchange for insurance coverage?
It is called a premium.
What is the term for the amount you and your employer pay in exchange for insurance coverage?
The amount that is paid for any kind of insurance is called "premiums". The same term applies whether an employee or employer pay for the insurance.
How much does your employer contribute towards your health insurance coverage?
The amount that my employer contributes towards my health insurance coverage varies depending on the company and the specific plan.
If your employer offers health insurance and you opt not to have it are they required to compensate you for the cost of a premium?
No. Keep in mind that insurance coverage is very expensive and the employer, as a rule bears the largest amount.
Does humana health insurance have good coverage?
Humana is considered to be one of the best health insurance providers in the United States, but the level of coverage varies between plans. If you purchase yourself you can decide on the amount of coverage vs. cost, but if you get it through an employer they will decide your level of coverage themselves.
What is the deductible amount for earthquake insurance coverage?
The deductible amount for earthquake insurance coverage is the amount of money you must pay out of pocket before your insurance policy starts to cover the costs of earthquake damage.
What is Coverage A in insurance?
Coverage A is the dwelling amount. As in, if it cost $250K to rebuild your house then that is what your coverage A should be.
What is the minimum amount of liability insurance coverage required?
The minimum amount of liability insurance coverage required (in California) is: 15/30/5. 15/30/5
If insured by your employer and your spouse's employer which is the primary insurance?
Your insurance through your employer is your primary insurance, and your spouse's primary insurance is through his/her employer. If both husband and wife are insured on both insurance policies, then you have primary and secondary coverage. But you will still have to pay any deductibles and co-pays before either policy will pay. The deductible is the amount you first have to pay (usually at the first of the year) before the insurance will pay anything. The co-pay is your percentage of what the insurance doesn't pay, which for many health insurance companies is 80% for them and 20% for you. There is sometimes a co-insurance that you have to pay also. Ex: Insurance companies have a set amount that they pay for any office visit, procedure, etc. If the bill is over what the insurance pays, then you are responsible for the balance.
What does gtl mean on a paystub?
On a paystub, "GTL" typically stands for "Group Term Life" insurance. It represents the cost of employer-provided life insurance coverage that is offered as a benefit to employees. The amount shown may be subject to taxation, depending on the coverage amount and IRS regulations. It is important for employees to understand how this benefit impacts their overall compensation and tax liability.
