Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Beckys comprehensive major medical health insurance plan at work has a deductible of $790. The policy pays 80 percent of any amount above the deductible.

Beckys comprehensive major medical health insurance plan at work has a deductible of $790. 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 $8,973. 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 $3,400. Calculate the total amount Becky would pay under the current policy. Becky's co-insurance cost Deductible Total personal cost

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

Step: 3

blur-text-image

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

Financial Accounting

Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie

9th Edition

1118608208, 978-1118608203

More Books

Students also viewed these Accounting questions

Question

Wha t is proc rastination? (p. 3 02)

Answered: 1 week ago