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Becky's comprehensive major medical health insurance plan at work has a deductible of $730. The policy pays 80 percent of any amount above the deductible.

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Becky's comprehensive major medical health insurance plan at work has a deductible of $730. The policy pays 80 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 seven-day hospital stay, totaled $9,233. 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 $4,700, 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 $4,700 stop-loss provision on her current policy have reduced Becky's cost for this illness? (Click to select)

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