Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3:34 10.5 Unanswered 3 attempts left Theresa Morgan of Boone, IA, age 55, recently suffered a stroke. Her total bill for this care was
3:34 10.5 Unanswered 3 attempts left Theresa Morgan of Boone, IA, age 55, recently suffered a stroke. Her total bill for this care was $125,500. After leaving the hospital, she spent 25 days in a nursing home that cost $170 per day. Theresa, who earns $4,500 per month, missed two months of work. Theresa had a health insurance plan through her employer. The policy had a $1,000 deductible and an 80/20 coinsurance clause with a $2,000 coinsurance cap. She had also accumulated 21 sick days (equivalent to one month) at work. Otherwise she had no long-term care or disability insurance. She was out of work for a total of 42 days. a) How much of Theresa's direct medical expenses was paid by her insurance policy? b) What did Theresa have to pay for I e Submit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started