12:54 S... + Assignment2_ques... ra an Lady Allen STILS Theodhur rundt . ANI Mark Ver Podpora wwwsav1 Tip.com Ladyboy picy yapay we wwwwwwwwww www ws above to check forbime die we will be en City and the total 155cd afpdate 3000 macho Baby Dy to the help of costs should be shown clearly in your working (10 marks) th) An insurance profes Cathy another healthier plan that reimburses actual medical expenses only. It includes a 3900 deductible on the total amount of medical expenses incurred, 15% consurance, and an out-of-pocket limit of $20,000. How much dollar amount bome by Cathy for the medical treatment of this injury if she enrolls in this health insurance plan? Show all working 15 marks) c) Cathy was told that premium paid for the Certified Pane under the VHS are tax deductible Briefly explain to Cathy these eligibility and claim requirement of the tax deduction Marks) (3) Achise Cathy co whether her life insurance policy would be terminated due to the delay of premium payment for 3 weeks, and (w) the appropriate action she should take your answer should make reference to a pension in a typical life insurance policy (Smarks) End of Assignment - T42:29 & Assignment 2 question.pdf a Required a) Cakulate the total dollar amount bome by Cathy for this injury. Each item of benefits and its costs should be shown clearly in your working (10 mars (b) An insurance agent offers Cathy another health insurance plan that reimburses actual medical expenses cely. It includes a $900 deductible on the total amount of medical expenses incurred a 15% comsurance, and an out-of-pocket limit of $20.000 How much dollar amount borne by Cathy for the medical treatment of this injury if she enrolls in this health insurance plan! Show all (c) Cathy was told that premiums paid for the Certified Plans under the VHIS are tax deductible Briefly explain to Cally the scope, eligibility and claim requirement of the tax deduction (5 Marks (d) Advise Cathy (i) whether her life insurance policy would be terminated due to the delay of premium payment for 3 weeks, and the appropriate action she should take your answer should make reference to provision in a typical life insurance policy (5 marks) T42:29 & a Assignment 2 question.pdf Physiotherapy fee Pre- and post-hospitalisation outpatient visits Surgeon's fee Operating theatre Hospitalash $10,000 Maximum number of visits: 1 visits Co-payment per visit $100 $15,000 545.000 $600 per day (up to 6 days Cathy bought a term life insurance policy 7 years ago and paid the premium on monthly basis. She paid the premiums on time since her policy was in force. Three days ago, Cathy found that her life insurance premam has been overdue for 3 weeks because she did not check the mailbox since hospitalization. She was ming the premium payment would result in the Icsmination of the life insurance policy . T42:29 2 & Assignment 2 question.pdf Coverage Room and board Room and board intensive care unit) Home nursing fee Physiotherapy fee Pre- and post-hospitalisation outpatient visits Surgeon's fee Operating theatre Hospital Marimum benefit amount (IKS) 5800 per day (up to 120 days $2,000 per day (up to 30 days 5760 per day un to 31 days $10,000 Maximum number of visits: 10 visits Co-payment per visit: S100 $35,000 545,000 5600 per day up tool day Cathy bought a term life insurance policy 7 years ago and paid the premium on monthly basis. She paid the premium on time since her policy was in force. Three days as Cathy found that her life n munte for T42:29 & Assignment 2 question.pdf @ (a) Calculate the local dollar amount bome by Cathy for this injury. Each im of benefits and its costs should be shown clearly in your working. 110 marks (1) An insurance agent offers Cathy another health insurance plan thut reimburses actual medical expenses only. It includes a 5900 deductible on the total amount of medical expenses incurred, a 13% coinsurance, and an out-of-pocket limit of $20.000. How much dollar amount borne by Cathy for the medical treatment of this injury if she enrolls in this health insurance plan? Show all working (5 marks) (c) Cathy was told that percentium paid for the Certified Plans under the VHIS are tax-deductible Briefly explain to Cathy the scope, eligibility and claim requirement of the tax deduction (3 Marks) (d) Achise Cathy (o whether her life insurance policy would be semmoned due to the delay of premium payment for 3 weeks and the appropriate action she should take. Your answer should make reference to provision in a typical life insurance policy is maks) Question 2 (25 marks) . Cathy likes hiking with friends during week-ends. A month ago, she was accidentally injured when she was climbing up a mountain in the Sharp Peak Hiking Trail. She needed to stay in the hospital for an operation. The following expenses were incurred for her medical treatment: 13 days of hospitalisation at $880 per day $36,000 surgeon's fee $42,000 operating theatre $4,700 in post-hospitalisation outpatients visits (9 times) 22 days of home nursing service totalling $20,800 AND $16,500 physiotherapy treatment . . . Below is the coverage provided by Cathy's health insurance plan, a Certified Plan under the Voluntary Health Insurance Scheme (VHIS). Coverage Room and board Room and board (intensive care unit) Home nursing fee Physiotherapy fee Pre- and post-hospitalisation outpatient visits Surgeon's fee Operating theatre Maximum benefit amount (HKS) $800 per day (up to 120 days) $2,000 per day (up to 30 days) S760 per day (up to 31 days) $10,000 Maximum number of visits: 10 visits Co-payment per visit: $100 $35,000 $45,000 S600 per day (up to 60 days) Hospital cash Cathy bought a term life insurance policy 7 years ago and paid the premium on monthly basis. She paid the premiums on time since her policy was in force. Three days ago, Cathy found that her life insurance premium has been overdue for 3 weeks because she did not check the mail box since hospitalization. She worries missing the premium payment would result in the termination of the life insurance policy. 3 Required (a) Calculate the total dollar amount borne by Cathy for this injury. Each item of benefits and its costs should be shown clearly in your working. (10 marks) (b) An insurance agent offers Cathy another health insurance plan that reimburses actual medical expenses only. It includes a $900 deductible on the total amount of medical expenses incurred, a 15% coinsurance, and an out-of-pocket limit of $20,000. How much dollar amount borne by Cathy for the medical treatment of this injury if she enrolls in this health insurance plan? Show all working (5 marks) (c) Cathy was told that premiums paid for the Certified Plans under the VHIS are tax-deductible. Briefly explain to Cathy the scope, eligibility and claim requirement of the tax-deduction. (5 Marks) (d) Advise Cathy (i) whether her life insurance policy would be terminated due to the delay of premium payment for 3 weeks, and (ii) the appropriate action she should take. Your answer should make reference to a provision in a typical life insurance policy. (5 marks) End of Assignment 2- 12:54 S... + Assignment2_ques... ra an Lady Allen STILS Theodhur rundt . ANI Mark Ver Podpora wwwsav1 Tip.com Ladyboy picy yapay we wwwwwwwwww www ws above to check forbime die we will be en City and the total 155cd afpdate 3000 macho Baby Dy to the help of costs should be shown clearly in your working (10 marks) th) An insurance profes Cathy another healthier plan that reimburses actual medical expenses only. It includes a 3900 deductible on the total amount of medical expenses incurred, 15% consurance, and an out-of-pocket limit of $20,000. How much dollar amount bome by Cathy for the medical treatment of this injury if she enrolls in this health insurance plan? Show all working 15 marks) c) Cathy was told that premium paid for the Certified Pane under the VHS are tax deductible Briefly explain to Cathy these eligibility and claim requirement of the tax deduction Marks) (3) Achise Cathy co whether her life insurance policy would be terminated due to the delay of premium payment for 3 weeks, and (w) the appropriate action she should take your answer should make reference to a pension in a typical life insurance policy (Smarks) End of Assignment - T42:29 & Assignment 2 question.pdf a Required a) Cakulate the total dollar amount bome by Cathy for this injury. Each item of benefits and its costs should be shown clearly in your working (10 mars (b) An insurance agent offers Cathy another health insurance plan that reimburses actual medical expenses cely. It includes a $900 deductible on the total amount of medical expenses incurred a 15% comsurance, and an out-of-pocket limit of $20.000 How much dollar amount borne by Cathy for the medical treatment of this injury if she enrolls in this health insurance plan! Show all (c) Cathy was told that premiums paid for the Certified Plans under the VHIS are tax deductible Briefly explain to Cally the scope, eligibility and claim requirement of the tax deduction (5 Marks (d) Advise Cathy (i) whether her life insurance policy would be terminated due to the delay of premium payment for 3 weeks, and the appropriate action she should take your answer should make reference to provision in a typical life insurance policy (5 marks) T42:29 & a Assignment 2 question.pdf Physiotherapy fee Pre- and post-hospitalisation outpatient visits Surgeon's fee Operating theatre Hospitalash $10,000 Maximum number of visits: 1 visits Co-payment per visit $100 $15,000 545.000 $600 per day (up to 6 days Cathy bought a term life insurance policy 7 years ago and paid the premium on monthly basis. She paid the premiums on time since her policy was in force. Three days ago, Cathy found that her life insurance premam has been overdue for 3 weeks because she did not check the mailbox since hospitalization. She was ming the premium payment would result in the Icsmination of the life insurance policy . T42:29 2 & Assignment 2 question.pdf Coverage Room and board Room and board intensive care unit) Home nursing fee Physiotherapy fee Pre- and post-hospitalisation outpatient visits Surgeon's fee Operating theatre Hospital Marimum benefit amount (IKS) 5800 per day (up to 120 days $2,000 per day (up to 30 days 5760 per day un to 31 days $10,000 Maximum number of visits: 10 visits Co-payment per visit: S100 $35,000 545,000 5600 per day up tool day Cathy bought a term life insurance policy 7 years ago and paid the premium on monthly basis. She paid the premium on time since her policy was in force. Three days as Cathy found that her life n munte for T42:29 & Assignment 2 question.pdf @ (a) Calculate the local dollar amount bome by Cathy for this injury. Each im of benefits and its costs should be shown clearly in your working. 110 marks (1) An insurance agent offers Cathy another health insurance plan thut reimburses actual medical expenses only. It includes a 5900 deductible on the total amount of medical expenses incurred, a 13% coinsurance, and an out-of-pocket limit of $20.000. How much dollar amount borne by Cathy for the medical treatment of this injury if she enrolls in this health insurance plan? Show all working (5 marks) (c) Cathy was told that percentium paid for the Certified Plans under the VHIS are tax-deductible Briefly explain to Cathy the scope, eligibility and claim requirement of the tax deduction (3 Marks) (d) Achise Cathy (o whether her life insurance policy would be semmoned due to the delay of premium payment for 3 weeks and the appropriate action she should take. Your answer should make reference to provision in a typical life insurance policy is maks) Question 2 (25 marks) . Cathy likes hiking with friends during week-ends. A month ago, she was accidentally injured when she was climbing up a mountain in the Sharp Peak Hiking Trail. She needed to stay in the hospital for an operation. The following expenses were incurred for her medical treatment: 13 days of hospitalisation at $880 per day $36,000 surgeon's fee $42,000 operating theatre $4,700 in post-hospitalisation outpatients visits (9 times) 22 days of home nursing service totalling $20,800 AND $16,500 physiotherapy treatment . . . Below is the coverage provided by Cathy's health insurance plan, a Certified Plan under the Voluntary Health Insurance Scheme (VHIS). Coverage Room and board Room and board (intensive care unit) Home nursing fee Physiotherapy fee Pre- and post-hospitalisation outpatient visits Surgeon's fee Operating theatre Maximum benefit amount (HKS) $800 per day (up to 120 days) $2,000 per day (up to 30 days) S760 per day (up to 31 days) $10,000 Maximum number of visits: 10 visits Co-payment per visit: $100 $35,000 $45,000 S600 per day (up to 60 days) Hospital cash Cathy bought a term life insurance policy 7 years ago and paid the premium on monthly basis. She paid the premiums on time since her policy was in force. Three days ago, Cathy found that her life insurance premium has been overdue for 3 weeks because she did not check the mail box since hospitalization. She worries missing the premium payment would result in the termination of the life insurance policy. 3 Required (a) Calculate the total dollar amount borne by Cathy for this injury. Each item of benefits and its costs should be shown clearly in your working. (10 marks) (b) An insurance agent offers Cathy another health insurance plan that reimburses actual medical expenses only. It includes a $900 deductible on the total amount of medical expenses incurred, a 15% coinsurance, and an out-of-pocket limit of $20,000. How much dollar amount borne by Cathy for the medical treatment of this injury if she enrolls in this health insurance plan? Show all working (5 marks) (c) Cathy was told that premiums paid for the Certified Plans under the VHIS are tax-deductible. Briefly explain to Cathy the scope, eligibility and claim requirement of the tax-deduction. (5 Marks) (d) Advise Cathy (i) whether her life insurance policy would be terminated due to the delay of premium payment for 3 weeks, and (ii) the appropriate action she should take. Your answer should make reference to a provision in a typical life insurance policy. (5 marks) End of Assignment 2