Find the cost of each medical incident for the following plans. Assume that this is their first Incident of the year for each incident. Remember: You pay 100% of all claims until you reach your deductible. Then you pay your coinsurance until you hit your out of pocket maximum See the example in the first box. MAKE SURE IF, AFTER CALCULATIONS, YOUR TOTAL IS MORE THAN YOUR OUT OF POCKET MAX, THAT YOU JUST PUT THE OUT OF POCKET THAT IS THE MOST YOU WOULD PAY Premium ype Monthly $350 Low monthly, Medium Deductible, Medium Coinsurance In Out Network Plan Coverage EXAMPLE Ambulance Ride $12,000 Deductible $1000 Deductible $4500 Out of Pocket $5000 Out of Pocket $9000 Coinsurance 30% Coinsurance 30% Pay deductible ($1000) Pay deductible ($4500) Left over $11,000 Left over $7500 You pay 10% of that You pay 10% of that 11,00010% (0.1) = 1100 7500 * 10% (0.1) = 750 So you pay 1000 (deductible) So you pay 4500 (deductible) + 1100 (coinsurance) + 750 (coinsurance) = $2100 = $5250 Appendix $15,000 Brain MRI $2500 Child Birth $4200 Carpal Tunnel $2900 Chest x-Ray $366 C-section birth $30,000 Gallbladder $94,897 Coronary Bypass $40,000 Find the cost of each medical incident for the following plans. Assume that this is their first Incident of the year for each incident. Remember: You pay 100% of all claims until you reach your deductible. Then you pay your coinsurance until you hit your out of pocket maximum See the example in the first box. MAKE SURE IF, AFTER CALCULATIONS, YOUR TOTAL IS MORE THAN YOUR OUT OF POCKET MAX, THAT YOU JUST PUT THE OUT OF POCKET THAT IS THE MOST YOU WOULD PAY Premium ype Monthly $350 Low monthly, Medium Deductible, Medium Coinsurance In Out Network Plan Coverage EXAMPLE Ambulance Ride $12,000 Deductible $1000 Deductible $4500 Out of Pocket $5000 Out of Pocket $9000 Coinsurance 30% Coinsurance 30% Pay deductible ($1000) Pay deductible ($4500) Left over $11,000 Left over $7500 You pay 10% of that You pay 10% of that 11,00010% (0.1) = 1100 7500 * 10% (0.1) = 750 So you pay 1000 (deductible) So you pay 4500 (deductible) + 1100 (coinsurance) + 750 (coinsurance) = $2100 = $5250 Appendix $15,000 Brain MRI $2500 Child Birth $4200 Carpal Tunnel $2900 Chest x-Ray $366 C-section birth $30,000 Gallbladder $94,897 Coronary Bypass $40,000