Question
My single male friend, Jim (24 years, $20,000 annual income living in Fairfax Virginia) is looking for a plan on the Federal exchange. He found
- My single male friend, Jim (24 years, $20,000 annual income living in Fairfax Virginia) is looking for a plan on the Federal exchange. He found one plan with the following cost-sharing provision:
- Premium: $0 (It was $325.92
- Deductible: $6,750
- Out-of-pocket maximum: $7,900
Can you explain what each of these terms mean in simple English. Jim wants to know why is there a difference between what he has to pay for the premium and the original amount? What is the reason for this difference?
What are your favorites and not-so-favorites (at least 3 each) provisions about the Affordable Care Act?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
