BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Indemnity insurance pays a portion of the bill-usually 80 percent, after the deductible has been met, although this may vary. You pay the remainder, usually 20 percent of the total bill. This is called coinsurance.

Detailed explanation-2: -The amount you pay for your health insurance every month. In addition to your premium, you usually have to pay other costs for your health care, including a deductible, copayments, and coinsurance.

Detailed explanation-3: -At present, there are four options for paying health insurance premium-monthly, quarterly, half-yearly and annually. Policyholders must go through the fine print when paying the health insurance premium in instalments, especially the monthly mode and the quarterly mode.

Detailed explanation-4: -deductible. The amount you pay for covered health care services before your insurance plan starts to pay. With a $2, 000 deductible, for example, you pay the first $2, 000 of covered services yourself.

Detailed explanation-5: -The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium.