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Discounts and allowances are reductions to a basic price of goods or services.. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price (determined by the manufacturer and often printed on the package), the retail price (set by the retailer and often attached to the product with a sticker), or the list price (which is quoted to a potential buyer ...
In insurance, a bonus–malus system ( BMS) is a system that adjusts the premium paid by a customer according to their individual claim history. Bonus usually is a discount in the premium which is given on the renewal of the policy if no claim is made in the previous year. Malus is an increase in the premium if there is a claim in the previous ...
The insurance benefit manager recognizes the drug as a TIER 3 brand for the patient and relays the patient co-pay to be $30.00. The co-pay card benefit manager recognizes the $30.00 and covers the $20.00 of co-pay, leaving $10 for the patient to pay out of pocket. Another patient without prescription insurance coverage follows the same process.
A multi-car policy simply means that a car insurance policy has more than one vehicle insured. A benefit of insuring multiple cars through a single policy is that most providers give a discount ...
Allstate's auto insurance gave customers a discount for buying another kind of policy from the company, like homeowners or life insurance. Some companies, like Auto-Owners, offered discounts for ...
To get the highest discount, you usually have to meet certain qualifications. For instance, a company may offer a 5% discount for being claims-free for three years but only offer the full 10% to a ...
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