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

Posted: Mon Apr 25, 2022 7:44 am
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 ​$