Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Brittany, age 28, purchased an individual major medical insurance policy with a lifetime limit of $ 1 million, a calander year -deductible of $250, and
Brittany, age 28, purchased an individual major medical insurance policy with a lifetime limit of $ 1 million, a calander year -deductible of $250, and an 80-20% co-insurance provision. Brittany had emergency surgery for an inflamed appendix. covered medical expenses are $30,750. Brittany also lost $1000 in wages becasue she could not work for one month. what is the amount paid by the insurer? what is the amount paid by Brittany? how would your answer change if Brittany's policy contained an annual stop-loss limit of $ 3000?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started