Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Diego and Maria have two children - Patti and Tomas. Diego and Maria work at a small (30 employee) accounting firm, and have no health

Diego and Maria have two children - Patti and Tomas. Diego and Maria work at a small (30 employee) accounting firm, and have no health care coverage as an employee benefit. They purchased a Silver plan through their Marketplace Exchange to cover their family's health care needs. Most years they wonder whether they need the coverage, but not this year. Each of the family members has incurred medical expenses, with Diego starting things off. In February, Diego was injured skiing, breaking his collar bone and one of his legs. Between the emergency room and follow-up care, Diego's portion of the medical bills totaled $10,000. Their health care coverage is as follows: * Embedded Silver plan: (but they earn too much for premium assistance or tax breaks) * MOOP Individual: $6,850 * MOOP family: $13,700 


How much of Diego's medical expenses will the insurer have to pay

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Based on the information providedthe insurer will have to pay 3150 of Di... 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

Cornerstones of Cost Management

Authors: Don R. Hansen, Maryanne M. Mowen

2nd edition

1111824401, 978-1111824402

More Books

Students also viewed these Accounting questions

Question

=+d) What components would you now say are in this series?

Answered: 1 week ago