Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Case #3 Greta has the following health insurance: Crimson & Corn Insurance Company Includes: - Basic health insurance - Major medical insurance with a prescription

image text in transcribedimage text in transcribed

Case \#3 Greta has the following health insurance: Crimson \& Corn Insurance Company Includes: - Basic health insurance - Major medical insurance with a prescription card (\$15 generic, \$25 brand name) Excludes: - Vision and dental coverage Insurance includes a $1,000 deductible, 70/30 co-insurance, preventative care paid up to $250 at 100% with no co-insurance or deductible applied (no preventative care coverage over $250 ), $5,000 stop loss point, and $.5 million maximum. Greta had the following bills throughout the year: Feb.: Teeth cleaned ($48) April: Annual physical and office visit (\$250) May: Office visit (\$40) June: Major skiing accident, hospitalized with intensive care, etc. ($300,000) Sept.: Teeth cleaned ($48) Oct.: Vision check and new contact lenses ($200) Nov.: Sore throat, office visit ($40); prescription, generic ($35) In Case \#3, how much will Greta pay for her care at the end of the year (after all adjustments, deductibles, etc.)? \begin{tabular}{l} $299,080 \\ \hline$2,811 \\ \hline$3,008 \\ \hline$294,080 \end{tabular} Question 10 In Case \#3, how much will Crimson \& Corn Insurance pay for Greta's care at the end of the year (after all adjustments, deductibles, etc.)? $294,080$300,080$299,080$297,850 Case \#3 Greta has the following health insurance: Crimson \& Corn Insurance Company Includes: - Basic health insurance - Major medical insurance with a prescription card (\$15 generic, \$25 brand name) Excludes: - Vision and dental coverage Insurance includes a $1,000 deductible, 70/30 co-insurance, preventative care paid up to $250 at 100% with no co-insurance or deductible applied (no preventative care coverage over $250 ), $5,000 stop loss point, and $.5 million maximum. Greta had the following bills throughout the year: Feb.: Teeth cleaned ($48) April: Annual physical and office visit (\$250) May: Office visit (\$40) June: Major skiing accident, hospitalized with intensive care, etc. ($300,000) Sept.: Teeth cleaned ($48) Oct.: Vision check and new contact lenses ($200) Nov.: Sore throat, office visit ($40); prescription, generic ($35) In Case \#3, how much will Greta pay for her care at the end of the year (after all adjustments, deductibles, etc.)? \begin{tabular}{l} $299,080 \\ \hline$2,811 \\ \hline$3,008 \\ \hline$294,080 \end{tabular} Question 10 In Case \#3, how much will Crimson \& Corn Insurance pay for Greta's care at the end of the year (after all adjustments, deductibles, etc.)? $294,080$300,080$299,080$297,850

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

Finance For Food Towards New Agricultural And Rural Finance

Authors: Doris Köhn

1st Edition

3662568659, 978-3662568651

More Books

Students also viewed these Finance questions

Question

discuss the factors that affect capital budgeting decisions

Answered: 1 week ago