Beckys comprehensive major medical health insurance plan at work has a deductible of $500. The policy pays 70 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 $9,173. 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 $4,400.

a.	Calculate the total amount Becky would pay under the current policy. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Becky's co-insurance cost	$
Deductible	$
Total personal cost	$

b.

Would a $4,400 stop-loss provision on her current policy have reduced Becky's cost for this illness?

	Yes
	No