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Nathan Drummond has three different insurance policies.He has been injured in an accident and has incurred $30,000 in medical bills.There is a provision in all of his insurance contracts that ensures the total benefits he receives from all sources is limited to 100% of allowable medical expenses.What is this provision called?
Non-monetary Compensation
Compensation that is provided in forms other than cash payments, such as benefits, perks, or other non-cash rewards.
Work and Personal Lives
The interaction and balance between an individual's professional responsibilities and personal life outside of work.
Employee Bonus
Additional compensation given to employees beyond their regular salary, often as a reward for achieving performance targets or for exceptional service.
Reward Performance
Implementing incentives or recognition for individuals or teams based on their achievements or output, typically to motivate and encourage desired behaviors or outcomes.
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