Question
7. please show work thanks! Beckys comprehensive major medical health insurance plan at work has a deductible of $750. The policy pays 85 percent of
7. please show work thanks!
Beckys comprehensive major medical health insurance plan at work has a deductible of $750. The policy pays 85 percent of any amount above the deductible. While on a hiking trip, Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a six-day hospital stay, totaled $8,893. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $3,000. |
a. | Calculate the total amount Becky would pay under the current policy. (Round your answers to 2 decimal places.) |
Becky's co-insurance cost | $ |
Deductible | $ |
Total personal cost | $ |
b. | Would a $3,000 stop-loss provision on her current policy have reduced Becky's cost for this illness? | ||||
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