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
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 $
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 $