Question
Mark Meweird has a comprehensive medical insurance policy with a $750 annual deductible, an 80/20 coinsurance clause. Mark's annual insurance premium is $785. Maximum annual
Mark Meweird has a comprehensive medical insurance policy with a $750 annual deductible, an 80/20 coinsurance clause. Mark's annual insurance premium is $785. Maximum annual out of pocket cost per year = $6,350
Does Marks maximum annual out of pocket cost include the cost of premiums? ____________
|
Medical Procedure |
Deductible |
Co-insurance |
Out of pocket (based on insurance) | Cumulative out of pocket (based on insurance) |
|
January 10 Accidental knife wound while peeling an onion which required stitches. Cost: $350 |
|
|
|
|
|
March 15 Broken arm with xrays. Cost: $1550 |
|
|
|
|
|
June 23 Cold leading to strep throat. Cost: $45 |
|
|
|
|
|
September 9 Elective plastic surgery to give Mark something other than a Jimmy Durante nose. Cost: $4,350 |
|
|
|
|
| November 14 Heart attack after being mistaken for Tom Cruise required hospitalization and surgery. Cost: $35,000 |
|
|
|
|
|
December 24 Severe gastritis after eating fried oysters and drinking festive assorted punches at Dr. Weagley's home on Christmas eve which required a pumping of the stomach. Cost: $650 |
|
|
|
|
|
TOTAL ------> |
|
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
No Nonsense Project Auditing A Practical Guide For The PMO
Authors: Lisa Nash
1st Edition
0993403522, 978-0993403521
