What does subsidized mean?
When you’re on Medicaid or Medicare, you can choose to pay for your health care in full upfront or pay a percentage of your cost in monthly installments, called a co-pay. For example, if your monthly premium for Medicare Part B is $134.50, you could pay $134.50 out of pocket each month or $800 per year. If you chose the monthly payment option, you’d pay $50 per month and your remaining $700 in costs would be
What does subsidized mean in IT?
A subsidized employee is a worker who receives a portion of their salary in the form of a company subsidy. The idea is to incentivize and reward employees who are working towards their goals, such as improving efficiency or maintaining a high level of customer service.
What does subsidized mean in insurance?
If you get your insurance through the government, you might have what’s called “subsidized” insurance. When you do, you typically have to pay a percentage of your monthly premium. For example, you might have to pay $50 per month out of pocket. You might also get assistance with paying the rest.
What does subsidized mean in healthcare?
When someone is on Medicaid, they can receive healthcare through the program. However, that person still has to pay some portion of the cost, called a co-pay. Some states also require homeowners to pay a monthly premium in addition to these copays.
What does subsidized mean in translation?
A subsidized rent is one whose monthly payments do not exceed a certain percentage of your income. In other words, the tenant pays less than the actual market rate for their apartment. This type of rental agreement is a way to let low-income individuals live in an apartment that they otherwise might not be able to afford.
