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Problem 9-3 (L09.2) Becky's comprehensive major medical health insurance plan at work has a deductible of $850. The policy pays 80 percent of any amount
Problem 9-3 (L09.2) Becky's comprehensive major medical health insurance plan at work has a deductible of $850. The policy pays 80 percent of any amount above the deductible. While on a hiking trip, Becky contracted a rare bacterial disease. Her medical costs for treatment including medicines, tests, and a six-day hospital stay, totaled $9,093. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $4.000. a. Calculate the total amount Becky would pay under the current policy. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Answer is not complete. Becky's co-insurance cost Deductible Total personal cost 850.00 .. Would a $4,000 stop-loss provision on her current policy have reduced Becky's cost for this illness? No
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