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plz help me solve all 3 thanks Ronald started his new job as a controller with Aerosystems today, Carcie, the employee benefits clerk, gave Ronald
plz help me solve all 3 thanks
Ronald started his new job as a controller with Aerosystems today, Carcie, the employee benefits clerk, gave Ronald a packet that contained information on the company's health insurance options Aerosystems offers its employees the choice between a private insurance company plan (Blue Cross or Blue Shield an H Mo, and a Ppo. Ronald needs to revew the packet and make a decision on which health care program best fits his needs The folowngs an overvew of that infocmation. a. The monthly premium cost for Ronald for the Bliec Cross or bive shleid plan will be $4832. For all doctor's office visits. prescriptions, and major medical charges. Ronald will be tesponsible for 20 percent and the insurance company will cover 80 percent of the covered charges. The antinal deductible 15$500 b. The HMO is provided to employees free of charge. The copiyment for doctors office visits and major medical charges is $25 Prescription copayments are $30 the HMO pays 100 percent atter Ponalds copayment. There is no arinual deductible. c. The POS requires that the employees pay $32.45 per monti to supplement the cost of the program with the company 5 payment if Ronald uses health care providess within the plan, he pays the copoyments as described above for the HMO. He can also choose to use a health care provider outside of the service and pay 20 percent of the covered charges after he pays a $500 deductible. The POS will pay for 80 peicent of those covered vis ths There is no arnus deductible for in hetwork expenses. Ronald decided to reylew his medical bills from the previous yew to see what costs he had incutred and to help him evaluate his choices. He visited his general phypicar four times dining the Yeer at cost of $223 for each vist. He also spent $67 and $90 on prescriptions duting the year (For the purposes or the Pos coffpotation asstime that Ronad visited a physician outside of the network plan. Assume he had his prescriptions filled a d network appeoved phairlacy) What total costs will Ronald pily if he enroils th the Hico plan? Problem 11.9 Evaluoting Health Insurance Options [LO11-4] Ronald started his new job as a controller with Aerosystems today Carole, the employee benefits clekk, gave Ronald a pachet that contained information on the company's health insirfance options. Acrosystems offers its employees the choice between a private: insurance company plan (Bive Cross or Blue Shieid) an HMO, and a PPO. Ronald needs to review the pocket and make a decision on which health care program best fits his needs. The following is an overve-w of that information a. The monthly premium cost for Ronald for the Brue Cross or Blue Stiveld plan will be $43.07. For all doctor otfice visuts. prescriptions. and major medical chatges, Ronald Wil be responsible for 15 percent and the insurance company will cover 85 percent of the covered charges. The annual deductible 15$350. b. The HMO is provided to employees free of charge. The copayment for doctors' otfice visits and major medical charges is 520. Prescription copayments are $8. The HMO pays too percent after Ronald's copayment. There is no annual deductble c. The PoS requires that the employees pay $2489 per month to suppiement the cost of the program with the companys payment. if Ronald uses health care providers within the pian, he pays the copayments as described above for the HMO He can also choose to use a health care provider outside of the service and pay 20 percent of the covered charges atter he pays a s600 deductible. The POS will pay for 80 percent of those covered visits. There is no annual deductible for in-nefwork charges. Roneld decided to review his medical bils from the previous year to see what costs he had incurred and to help him evaluate his choices. He visited his pencral physician six temes diaing the year at a cost of $140 for each visit He also spent $74 and $95 on prescriptions during the year (for the purposes of the POS computation, assume that Ronald ysulted a plysician outside of the network plan. Assume he had his prescriptions filed at a network-abproved pharmacy) If Ronald selects the Pos plan, what would his annual medicat costs be? Note: Round your intermediate calculations and finnt answer to 2 decimal pleces. Ronald started his new job as a controller with Aerosystems today. Carole, the employee benefits clerk. gave Ronald a packet that contained information on the company's health insurance options. Aerosystems offers its employees the choice between a private insurance company plan (Blue Cross or Blue Shieid). an HMO, and a PPO. Ronald needs to review the packet and make a decision on which health care program best fits his needs, The following is an overview of that information. a. The monthly premium cost for Ronald for the Blue Cross or Blue Stiveid plan will be $4832. For all doctor's office visite, prescriptions, and major medical charges, Ronald will be responsible for 20 percent and the insurance company will cover 80 percent of the covered charges. The annual deductible is $500. b. The HMO is provided to employees free of charge The copayment for doctors office visits and major medical charges is $30. Prescription copayments are \$5. The HMO pays 100 percent after Ronaid's copayment There is no annual deductible c. The POS requires that the employees pay 533.44 per morath to supplement the cost of the program with the company's payment. If Ronald uses health care providers within the plan, he pays the copayments as described above for the HMO. He can also choose to use a health care provider outside of the service and pay 20 percent of the covered charges after he pays a 5500 deductible. The POS wil pay for 80 percent of those covered visits. There is no annual deductible for innetwork expenses. Ronald decided to review his medical bills from the previous year to see what costs he had incurred and to help him evatuate his choices. He vished his general physician four timen duang the year at a cost of $206 for each vist. He also spent $66 and $98 on prescriptions during the yeat. (For the purposes of the POS computation, assume that Ronald visited a plyysician outside of the network pian. Assume he had his presciptions fllled at a network-approved pharmacy.) What annual medical costs will Ronald pay using the sampie medical expenses provided it he were to enroll in the Blue Crost or Blue Shield plan? Note: Round your intermediate calculations and firiol answer to 2 decimal places. Ronald started his new job as a controller with Aerosystems today, Carcie, the employee benefits clerk, gave Ronald a packet that contained information on the company's health insurance options Aerosystems offers its employees the choice between a private insurance company plan (Blue Cross or Blue Shield an H Mo, and a Ppo. Ronald needs to revew the packet and make a decision on which health care program best fits his needs The folowngs an overvew of that infocmation. a. The monthly premium cost for Ronald for the Bliec Cross or bive shleid plan will be $4832. For all doctor's office visits. prescriptions, and major medical charges. Ronald will be tesponsible for 20 percent and the insurance company will cover 80 percent of the covered charges. The antinal deductible 15$500 b. The HMO is provided to employees free of charge. The copiyment for doctors office visits and major medical charges is $25 Prescription copayments are $30 the HMO pays 100 percent atter Ponalds copayment. There is no arinual deductible. c. The POS requires that the employees pay $32.45 per monti to supplement the cost of the program with the company 5 payment if Ronald uses health care providess within the plan, he pays the copoyments as described above for the HMO. He can also choose to use a health care provider outside of the service and pay 20 percent of the covered charges after he pays a $500 deductible. The POS will pay for 80 peicent of those covered vis ths There is no arnus deductible for in hetwork expenses. Ronald decided to reylew his medical bills from the previous yew to see what costs he had incutred and to help him evaluate his choices. He visited his general phypicar four times dining the Yeer at cost of $223 for each vist. He also spent $67 and $90 on prescriptions duting the year (For the purposes or the Pos coffpotation asstime that Ronad visited a physician outside of the network plan. Assume he had his prescriptions filled a d network appeoved phairlacy) What total costs will Ronald pily if he enroils th the Hico plan? Problem 11.9 Evaluoting Health Insurance Options [LO11-4] Ronald started his new job as a controller with Aerosystems today Carole, the employee benefits clekk, gave Ronald a pachet that contained information on the company's health insirfance options. Acrosystems offers its employees the choice between a private: insurance company plan (Bive Cross or Blue Shieid) an HMO, and a PPO. Ronald needs to review the pocket and make a decision on which health care program best fits his needs. The following is an overve-w of that information a. The monthly premium cost for Ronald for the Brue Cross or Blue Stiveld plan will be $43.07. For all doctor otfice visuts. prescriptions. and major medical chatges, Ronald Wil be responsible for 15 percent and the insurance company will cover 85 percent of the covered charges. The annual deductible 15$350. b. The HMO is provided to employees free of charge. The copayment for doctors' otfice visits and major medical charges is 520. Prescription copayments are $8. The HMO pays too percent after Ronald's copayment. There is no annual deductble c. The PoS requires that the employees pay $2489 per month to suppiement the cost of the program with the companys payment. if Ronald uses health care providers within the pian, he pays the copayments as described above for the HMO He can also choose to use a health care provider outside of the service and pay 20 percent of the covered charges atter he pays a s600 deductible. The POS will pay for 80 percent of those covered visits. There is no annual deductible for in-nefwork charges. Roneld decided to review his medical bils from the previous year to see what costs he had incurred and to help him evaluate his choices. He visited his pencral physician six temes diaing the year at a cost of $140 for each visit He also spent $74 and $95 on prescriptions during the year (for the purposes of the POS computation, assume that Ronald ysulted a plysician outside of the network plan. Assume he had his prescriptions filed at a network-abproved pharmacy) If Ronald selects the Pos plan, what would his annual medicat costs be? Note: Round your intermediate calculations and finnt answer to 2 decimal pleces. Ronald started his new job as a controller with Aerosystems today. Carole, the employee benefits clerk. gave Ronald a packet that contained information on the company's health insurance options. Aerosystems offers its employees the choice between a private insurance company plan (Blue Cross or Blue Shieid). an HMO, and a PPO. Ronald needs to review the packet and make a decision on which health care program best fits his needs, The following is an overview of that information. a. The monthly premium cost for Ronald for the Blue Cross or Blue Stiveid plan will be $4832. For all doctor's office visite, prescriptions, and major medical charges, Ronald will be responsible for 20 percent and the insurance company will cover 80 percent of the covered charges. The annual deductible is $500. b. The HMO is provided to employees free of charge The copayment for doctors office visits and major medical charges is $30. Prescription copayments are \$5. The HMO pays 100 percent after Ronaid's copayment There is no annual deductible c. The POS requires that the employees pay 533.44 per morath to supplement the cost of the program with the company's payment. If Ronald uses health care providers within the plan, he pays the copayments as described above for the HMO. He can also choose to use a health care provider outside of the service and pay 20 percent of the covered charges after he pays a 5500 deductible. The POS wil pay for 80 percent of those covered visits. There is no annual deductible for innetwork expenses. Ronald decided to review his medical bills from the previous year to see what costs he had incurred and to help him evatuate his choices. He vished his general physician four timen duang the year at a cost of $206 for each vist. He also spent $66 and $98 on prescriptions during the yeat. (For the purposes of the POS computation, assume that Ronald visited a plyysician outside of the network pian. Assume he had his presciptions fllled at a network-approved pharmacy.) What annual medical costs will Ronald pay using the sampie medical expenses provided it he were to enroll in the Blue Crost or Blue Shield plan? Note: Round your intermediate calculations and firiol answer to 2 decimal places Step by Step Solution
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