Ethan Johnson is injured in a boating accident and incurs a $1,000 medical bill. If his plan has a $250 deductible and a 70/30-coinsurance provision, how much of the bill will be his responsibility?

Group of answer choices

$250

$300

$475

$1,000

If you elect to obtain COBRA coverage after losing your job, you will be responsible for paying the

Group of answer choices

entire premium and your former employer cannot increase it

same portion of the premium cost as you did while employed

entire premium and your former employer can add up to 10 percent for administrative costs

same premium as you did while employed, with a subsidy paid by the federal government

Chucks health insurance requires payment of an annual deductible of $500 per person or $1,000 per family. After meeting the deductible, he must pay 20% of covered charges until he reaches $4,200 out of pocket, after which the insurer will pay 100% of the costs. Chuck has had no other claims during the year. Zoey, his daughter, fell from a playground swing set and requires emergency surgery. The hospital stay costs $20,000. How much will he end up paying out of pocket?

Group of answer choices

$4,000

$3,900

$4,200

$4,400

In a profit-sharing retirement plan, the

Group of answer choices

employees and employers contributions are a fixed percentage of the employees salary

employees contributions are discretionary and the employers contributions are a fixed percentage of the employees salary

employers contributions are a fixed percentage of the employees salary

employers contributions are discretionary and may depend on the companys financial performance for the year