What are the essential differences between social insurance and public assistance programs? Why is Medicare a social insurance program, whereas Medicaid is a public assistance program? Why is the earned-income tax credit considered to be a public assistance program?

Q: Which of the following statements is not correct about Medicaid? Multiple Choice The Social Security…

A: Medicaid is a government-run health-care programme in the United States for low-income people.…

Q: Detail the possible causes of a deficit in a Defined Benefit (DB) pension plan and explain why a…

A: Underfunding occurs when a firm's pension payout obligations outweigh its reserves, requiring the…

Q: Social security payable and medicare tax payable are classified as

A: Introduction: Balance sheet: All assets and liabilities are recorded in Balance sheet. Balance sheet…

Q: In what ways are pension benefits and post-retirement healthcare different?

A: This is about In what ways are pension benefits and post-retirement healthcare different

Q: How can you encourage people to join health insurance scheme

A: Health insurance scheme is the scheme which is taken by an insured person for the coverage of health…

Q: What is a third-party payor, and how does the presence of such payors affect the financial…

A: Third party payor in healthcare entities is the payer, insurance company  or health agency not…

Q: In what ways do healthcare benefits for retirees vary from pensions?

A: This question tells about healthcare benefits for retirees vary from pensions

Q: What are the major differences between postretirementhealthcare benefits and pension benefits?

A: Both pension funds and post retirement healthcare benefits accrue to an employee after his/her…

Q: What are the Key differences between Private Not-For-Profit and Government Health Care Providers?​

A: Business Organization: Business organization refers to the type of composition based on which a…

Q: Why is pension plan underfunding not a concern in your present employment?

A: Definition of pension plan: This is the plan devised by corporations to pay the employees an income…

Q: When it comes to postretirement healthcare benefits, what are the primary distinctions between them…

A: The answer:

Q: Explain the fundamental differences between a defined contribution pension plan and a defined…

A: Defined contribution plan and defined benefit plan are the two types of pension plans.In a defined…

Q: Social Security and Medicare benefits are funded by: Multiple Choice FICA taxes Fringe benefits FUTA…

A: To solve the question fist we need to have basic knowledge of taxes and their application towards…

Q: Why should planning for retirement be a long-term goal that is affected by Social Security? Why…

A: Planning for retirement helps to find out the after retirement Income sources, goals and the ways to…

Q: What’s are the advantages and disadvantages of a single Payer system of a national health insurance…

A: Due to uncertain factors, risk arises. To reduce or manage the risk and possibility of arises of…

Q: Explain the differences between a collision deductible and a health insurance deductible. In health…

A: Health insurance deductible refers to the amount paid by the insurer from his/her own resource…

Q: If a person is not eligible for the health insurance premium tax credit because of

A: Tax is the charge which is charged on the taxable income of a taxpayer and each taxpayer wants to…

Q: What is the general term that covers social insurance and pension fund payments alone with wages and…

A: Social security schemes, is the term that covers social insurance and pension fund payments alone…

Q: The base amount subject to the Social Security portion of FICA is different from that for the…

A: Introduction: FICA: FICA stands for Federal Insurance contributions Act. Its a payroll tax item…

Q: What are some other pensions plans, and how do they differ from the Defined Contribution Pension…

A: A retirement plan that would earn the investments return in addition to the savings of each…

Q: What does the affordable care act do for those not insured?

A: Affordable Care Act is a comprehensive healthcare reform which has been introduced from March, 2010,…

Q: 9. What are the significant sources of income for A. Pension Fund B. Employee Provident Fund C.…

A: Retirement planning is very necessary to have good period after doing Jobs.

Q: For Pension Plans: A. Describe the differences between a Defined Benefit pension plan and a Defined…

A: Defined Benefit Pension Plan Defined benefit pension plan can clearly describes as it is absolutely…

Q: What other types of pension plans exist, and how do they compare to Defined Contribution Pension…

A: The Answer

Q: What is a defined Contribution Pension Plan?

A: A defined contribution pension plan It is an arrangement where  there is a contribution by employer…

Q: In what ways are pension plans and other post-retirement benefit plans different, if at all

A: Here is the Answer for In what ways are pension plans and other post-retirement benefit plans…

Q: What are the major differences between post-retirement healthcare benefits and pension benefits?

A: For the benefits of pension, it is fixed with the contract terms and only the term is not known. And…

Q: If one tax is not eligible for the health insurance premium tax credit because of

A: Tax is the charge which is charged on the taxable income of a taxpayer and each taxpayer wants to…

Q: What determines whether a pension plan is underfunded or overfunded?

A: An overfunded pension plan is a plan which possess more assets as compared to the liabilities. An…

Q: How does accounting for postretirement benefits similar in most respects to accounting for pension…

A: Pension plan: This is the plan devised by corporations to pay the employees an income after their…

Q: When it comes to pension plans and other postretirement benefit schemes, what assumptions are made…

A: The answer

Q: Describe the major elements of the affordable care act. What problem is the legislation trying to…

A: Affordable care act: It is US Federal Statute passed by the 111th Congress but was signed into law…

Q: What are the key elements of a defined benefit pension plan?

A: Definition: Pension expenses are used to report an employer’s annual cost for maintaining an…

Q: Social Security is a “pay-as-you-go” system. How

A: Social security refers to the protection which is provided by society to individuals or households…

Q: In what ways are pension plans and other post-retirement benefit programs different, and why

A: This question explains about  pension plans and other post-retirement benefit programs different,…

Medicare

Medicare is one of the health insurances provided by the federal health insurance programs especially for elderly people who are 65 years old and above, young people with disabilities, and people affected with end-stage renal disease. The Medicare program covers medical services, nursing facilities, home health care, physician services, prescription drug, and hospital health care. Most of the population is getting benefited from the Medicare insurance program.