Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8. An individual with a long-term illness, has a health care policy that includes a 20 percent co- pay. The policy has a stop loss

image text in transcribed

8. An individual with a long-term illness, has a health care policy that includes a 20 percent co- pay. The policy has a stop loss provision of $30,000 USD. A current long-term illness has resulted in total expenses of $2,500,000. a) What is Stop-loss provision? b)Why is it important to have in this circumstance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance In Canada

Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon

5th Canadian Edition

1259030776, 978-1259030772

More Books

Students also viewed these Finance questions

Question

Where do you see the organization in 5/10 years?

Answered: 1 week ago

Question

What is love?

Answered: 1 week ago

Question

6. What actions might make employers lose elections?

Answered: 1 week ago