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Directions: Solve the problems below. 1. a. Wilma has a $250 deductible on her health insurance. Her medical expenses totaled $12697. The insurance company paid
Directions: Solve the problems below. 1. a. Wilma has a $250 deductible on her health insurance. Her medical expenses totaled $12697. The insurance company paid 80% of the expenses. What is her balance? b. James has a $500 deductible on his health insurance. His medical expenses totaled $10452. The insurance company paid 70% of the expenses. What is his balance? c. Melanie's insurance policy covers a $200 payment for an emergency room visit. If she is admitted the policy then covers 80% of the expenses. A hospital stay is paid at 80% of the expenses for the first two days and 100% of the expenses for any remaining days. Melanie went to the emergency room and the charges were $840. She was admitted to the hospital for 6 days. The charges were as follows: Day 1, $360; Day 2, $492; Day 3, $298; Day 4, 980; Day 5, $1006; Day 6, $781. What amount did the insurance company pay? What amount did Melanie pay? 2. a. Jack's life insurance is a term policy. The face value of the policy is $25000. The premiums are $38.92 per month. The term is 20 years. How much will Jack pay for the policy
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