FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8. Ashley has a major medical health insurance policy with a $2 million lifetime limit. The policy has a $500 calendar year deductible and an

image text in transcribed
8. Ashley has a major medical health insurance policy with a $2 million lifetime limit. The policy has a $500 calendar year deductible and an 80-20 coinsurance clause (percentage participation clause). Ashley had outpatient surgery to remove a bunion on her foot and incurred medical bills of $10,000. How much will Ashley's insurer pay? How much will Ashley have to pay

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

Essentials Of Investments

Essentials Of Investments

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

8th Edition

0077606779, 978-0697789945

More Books

Students also viewed these Finance questions

Question

★★★★★
Using the equation y = 3x + 1,000, demonstrate the following: a. The slope of the curve changes to 5. b. The curve shifts up by 500.

Answered: 1 week ago

Question

★★★★★
1. Read the case study Human button below, and identify the main organization structure elements described. Can you define them?

Answered: 1 week ago

Question

★★★★★
=+10. For the probabilities of Exercise 8 and the decision tree of Exercise 4, using the expected values found in Exercise 8, compute the standard deviations of the values associated with each action...

Answered: 1 week ago

Question

★★★★★
HJ. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 pounds) has the following standards: The actual materials in a batch may vary from the standard...

Answered: 1 week ago

Question

★★★★★
On January 1 , 2 0 2 3 , Loeffler Company acquired a machine at a cost of $ 6 0 1 , 0 0 0 . Loeffler estimates that it will use the machine for 4 years or 1 1 , 0 0 0 machine hours. It estimates that...

Answered: 1 week ago

Question

★★★★★
Franklin Bakery is considering buying a new doughnut-making machine.The cost of the machine is $10,000.The machine will last for ten years and is expected to be worth $1,000 as scrap at that time.The...

Answered: 1 week ago

Question

★★★★★
A college basketball coach has 12 players on his team. Eight players are receiving scholarships, and four are not. The coach decides to select a starting lineup by selecting five names out of a bowl....

Answered: 1 week ago

Question

★★★★★
A. Suppose stock in Watta Corporation has a beta of .80. The market risk premium is 6 percent, and the risk-free rate is 6 percent. Watta's last dividend was $1.20 per share, and the dividend is...

Answered: 1 week ago

Question

★★★★★
Annie's Bakery sold $5,000 of cookies this month. Annie determined that her fixed costs are $2,000 per month and her net operating income was $1,000. What is Annie's Bakery's contribution margin? a.)...

Answered: 1 week ago

Question

★★★★★
Five sequential operations have the following hourly production rates. A=150, B=175, C=95, D=88, E=120. What is the hourly throughput rate?

Answered: 1 week ago

Question

★★★★★
Tata Motors is primarily targeting emerging countries (e.g., Africa, Asia Pacific, Middle Eastern, and Latin America for its future exported growth.) Is this a viable and logical exporting strategy?

Answered: 1 week ago

Question

★★★★★
OUTCOME 2 Identify the types of organizational forms used for competing internationally.

Answered: 1 week ago

Question

★★★★★
OUTCOME 3 Discuss the bargaining process and the bargaining goals and strategies of a union and an employer.

Answered: 1 week ago

Question

★★★★★
OUTCOME 1 Identify and explain the federal and provincial legislation that provides the framework for labour relations.

Answered: 1 week ago

Previous Question Next Question