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Regarding medical plans, what is the out-of-pocket maximum?
The most that the member will be liable for in relation to co-insurance
The maximum the plan will pay if the member is covered by another insurance plan
The limit the member will be required to pay at each doctor visit
The lifetime limit for benefits to any one employee
Which of the following best describes present value?
The current value of holdings
The current value of holdings and how much it will grow over time at a given rate of return
The desired value in the future and what needs to be invested today to realize that amount
The difference between the desired value in the future and the current value as a percentage of the desired value
Which of the following is typically considered a health care benefit?
Defined benefit plan
Death benefits
Defined contribution plan
Vision plan
TESTED 23 Feb 2025
