Assignment: Chapter 09 Insuring Your Health Eileen, a veterinarian, is 24 years old and has owned a major medical insurance policy for three years. The policy, which she purchased through her trade association, provides the following coverage: . a $1,000,000 lifetime limit a $1,000 deductible and 80% coinsurance clause internal limits of $300 per day for a semi-private room and board, $3,000 per occurrence for x-rays, prescription drugs, and other medical expenses, and a $30,000 maximum limit per occurrence on surgical procedures . a $25,000 imit per occurrence on rehabilitation and physical therapy . If a hospital charges a room rate that is greater than the policy's stated internal limit, the hospital agrees to reduce the room rate to the policy's Internal limit Last month, Eileen was injured was injured by lightening while delivering a calf in a farmer's field. She spent 5 days in the hospital in a room that cost $450 per day, incurred $2,000 for other medical expenses, and $18,000 in surgical expenses. Given these cham costs, complete the following table and answer the related questions Total Claim Policy Limit $300 per day Hospital charges Surgery costs Other medical costs Rehabilitation and therapy costs Assignment: Chapter 09 Insuring Your Health Total Claim Policy Limit $300 per day $ 1 Hospital charges Surgery costs Other medical costs Rehabilitation and therapy costs Deductible Co Insurance percentage Total cost of claim $ % Based on this data, the total cost to the insurance company is 5 while the out-of-pocket cost to Eileen is How much did Eileen save by having her medical insurance policy? Assume that the hospital changed its payment policy to make the patient responsible for the difference between the hospital's room rate and the Insurance company's responsibility (5450 per day versus $300 per day). By how much would Eileen's out-of-pocket cost for her hospital room change due in hospital billing? Elen's costs would decrease by $750, Eileen's costs would increase by $750. Ellen's costs would increase by $300 Grade It Now Save & Continue