An employee has a choice of two health insurance plans with the following terms. Assume that both plans cover​ 100% of e

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: 899603
Joined: Mon Aug 02, 2021 8:13 am

An employee has a choice of two health insurance plans with the following terms. Assume that both plans cover​ 100% of e

Post by answerhappygod »

An employee has a choice of two health insurance plans with the
following terms. Assume that both plans cover​ 100% of
expenses after the deductible and​ co-payments. Suppose that
during a​ one-year period the​ employee's family received
the following medical bills. Complete parts​ (a), (b),
and​ (c) below.
Plan A
Plan B
Expenses
Total cost
​(before insurance)
​$350
​$4600
Office visit
​$30
Emergency room
​$300
Surgical operations
​$250
​$900
​$1400
Office visit
​$30
Emergency room
​$200
Surgical operations
​co-payment: none
Jan.​ 23: Emergency room
​$800
Feb.​ 14: Office visit
​$100
Apr.​ 13: Surgery
​$580
June​ 14: Surgery
​$8000
July​ 1: Office visit
​$100
Sept.​ 23: Emergency room
​$900
Determine the health care expenses if the family chooses Plan
A.
The​ family's health care expenses with Plan A insurance
policy would be ​$
Determine the health care expenses if the family chooses Plan
B.
The​ family's health care expenses with no iinsurance
policy would be ​$
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply