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Individuals paid premiums for OHIP at least until 1990 unless these premiums were covered by your employer contract, or social welfare etc. I believe it was in the early 1990's that premiums were eliminated for individuals, and employers with more than one employee became responsible for premium charges.
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In what year did ohip coverage begin in Canada?
1962
What year did OHIP coverage start in Ontario?
1966
What is in a loss ratio?
The ratio of losses paid to premiums earned, usually over a period of one year
How is Medicare paid for?
By premiums paid by workers and their employers. - Addition/Clarification:Medicare Part A (Hospital Insurance) is paid through payroll taxes. In order to be entitled for part A you must work a total of 40 quarters of the year (10 years, but doesn't have to be continuous) to qualify. If you don't work the required time then a premium will be required to obtain the benefit based on how many quarters you paid into the system. Medicare Part B (Medical Insurance) is paid through a premium deducted from the SSA check. The premium is higher if the recipient has a substantial income in retirement. (info on the tiered premiums are available on Medicare.gov) Medicare Part D (Drug Coverage) is paid through premiums paid to the part D provider (these can also be deducted from the SSA check, but an authorization is required) Medicare B & D also get subsidized by the Federal Govt.
What percentage of surety premiums taken each year are paid out in claims?
On average, insurance companies pay out about 60-70% of surety premiums in claims each year. The exact percentage can vary based on the type of surety bonds issued and the overall risk profile of the insurer.
What type of life insurance companie pay dividends?
Rip-off companies. If they pay dividends, it means they are returning excess premiums you paid. So they charge you bunch of money at first and invest it for themselves. Then return the excess premiums back to you at the end of the year.
If house is sold but still paid home insurance on it for yr can you claim that back?
With most companies if you show documentation that you sold the home a year ago, and thus no longer had an insurable interest in the home, they will refund the premiums you paid during that time period.
What is pure loss ratio?
The pure loss ratio is a measure used in insurance to assess the proportion of premiums that an insurer pays out in claims. It is calculated by dividing the total amount of incurred losses by the total amount of earned premiums, excluding any expenses or additional factors. A lower pure loss ratio indicates more profitability for the insurer.
Will employees get paid for working on New Year's Day?
New Year's Eve is not considered a holiday, so a person can get paid on that day if it is a regular pay day. New Year's Day is a national holiday and there would be no payments then.
How do I document premium paid on covered call when the option was not exercised in the same year?
I assume you have an online brokerage account. Your options premiums in selling a covered call would automatically appear on your account record or statement.
Key Person Insurance?
form_title=Key Person Insurance form_header=Protect your company's future. Being prepared to handle the loss of a key executive or key employee is important. Amount of Insurance Desired:=_ Term Period:= {(),10 Year,15 Year,20 Year,25 Year,30 Year} Premiums Paid:= {(),Annual,Monthly}
Will the cost of employer-paid health insurance will be included as income on W-2 tax forms in 2011?
Not as taxable income. But yes the amount will be included on the W-2 form if the employer is receiving the tax credit for the amount of the premiums. This information will be to inform the employee of the amount of the premiums that the employer is paying on the employees medical insurance benefit for the year 2010.
