The Athena Medical Group has purchased from the Corinthian Insurance Company individual stop-loss insurance coverage for

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899556
Joined: Mon Aug 02, 2021 8:13 am

The Athena Medical Group has purchased from the Corinthian Insurance Company individual stop-loss insurance coverage for

Post by answerhappygod »

The Athena Medical Group has purchased from the Corinthian Insurance Company individual stop-loss insurance coverage for primary and specialty care services with a $5,000 attachment point and 10 percent coinsurance. One of Athena's patients accrued $8,000 of medical costs for primary and specialty care treatment.
In this situation, Athena will be responsible for paying an amount equal to:

A. $300, and Corinthian is obligated to reimburse Athena in the amount of $2,700
B. $2,700, and Corinthian is obligated to reimburse Athena in the amount of $5,300
C. $5,300, and Corinthian is obligated to reimburse Athena in the amount of $2,700
D. $7,700, and Corinthian is obligated to reimburse Athena in the amount of $300
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!

This question has been solved and has 1 reply.

You must be registered to view answers and replies in this topic. Registration is free.


Register Login
 
Post Reply