Becky's comprehensive major medical health insurance plan at work has a deductible of $710. The policy pays 80 percent of any amount above the deductible. While on a hiking trip. Becky contracted a...


3


Becky's comprehensive major medical health insurance plan at work has a deductible of $710. The policy pays 80 percent of any<br>amount above the deductible. While on a hiking trip. Becky contracted a rare bacterial disease. Her medical costs for treatment,<br>including medicines, tests, and a five-day hospital stay, totaled $9.193. A friend told her that she would have paid less if she had a<br>policy with a stop-loss feature that capped her out-of-pocket expenses at $4,500.<br>o. Calculate the total amount Becky would pay under the current policy (Do not round intermediate calculations. Round your<br>answers to 2 decimal places.)<br>Becky's co-insurance cost<br>Deductible<br>Total personal cost<br>b. Would a $4,500 stop-loss provision on her current policy have reduced Becky's cost for this illness?<br>O Yes<br>O No<br>

Extracted text: Becky's comprehensive major medical health insurance plan at work has a deductible of $710. The policy pays 80 percent of any amount above the deductible. While on a hiking trip. Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a five-day hospital stay, totaled $9.193. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $4,500. o. Calculate the total amount Becky would pay under the current policy (Do not round intermediate calculations. Round your answers to 2 decimal places.) Becky's co-insurance cost Deductible Total personal cost b. Would a $4,500 stop-loss provision on her current policy have reduced Becky's cost for this illness? O Yes O No

Jun 10, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here