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

Posted: Fri May 05, 2023 11:03 am
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