Loss ratio is used in the insurance industry, representing the ratio of losses to premiums earned. Losses in loss ratios include paid insurance claims and adjustment expenses. The loss ratio formula is insurance claims paid plus adjustment expenses divided by total earned premiums. For example, if ...
A stop-loss provision, also known as a stop-loss limit orstop-loss insurance, is a crucial component of a health insurance plan that sets a threshold for the maximum amount a policyholder is required to pay out-of-pocket for covered medical expenses within a specific period, usually a ...
By including dependents in a health insurance plan, individuals can extend coverage to their loved ones and ensure that they have access to the necessary medical care. Understanding the definition of a dependent and the eligibility criteria is essential for making informed decisions when it comes to...
Discretionary income is a subset of disposable income, or part of all the income left over after you pay taxes. From disposable income, deduct all necessities and obligations like rent or mortgage, utilities, loans, car payments, and food. Once you've paid all of those items, whatever is l...
A common objection to investing in an immediate annuity is the loss of liquidity. The idea of laying out a substantial amount of capital and not being able to access it again, spooks some annuity buyers.Many insurance companies that issue immediate annuities have come up with a way to ...
During the binding period, which is usually a limited period of time, the insured is covered under certain specified terms and conditions. This means that in the event of a covered loss or claim, the insurance company will provide the necessary financial protection as outlined in the temporary ...
How to Navigate the IRS Wash Sale Rule If you're considering tax-loss harvesting, you'll want to avoid running afoul of the wash sale rule. Marguerita ChengDec. 19, 2024 Tax Breaks for Investors With Advisors Financial advisor fees are not tax-deductible now, but there are still tax benef...
As the main factor in China’s agricultural production and farmers’ lives, the quality of the rural ecological environment is related to the health and social well-being of people all over the country. Promoting the efficiency of rural ecological environment governance is an important part of ...
A profit and loss (P&L) statement, also known as an income statement, is a financial statement that shows a company’s revenues and expenses for a given period.
Unmet healthcare need is a critical indicator, showing a plausible picture of how the healthcare system works in the unprecedented pandemic situation. It is important to understand what factors affect healthcare services of older adults in the midst of the outbreak, as this could help identify se...