Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 17 1 points Save Answer Barack and Michelle are spouses with two daughters, Malia age 10 and Sasha age 14. Barack has a group

image text in transcribed

QUESTION 17 1 points Save Answer Barack and Michelle are spouses with two daughters, Malia age 10 and Sasha age 14. Barack has a group plan at work that covers both brand-name and generic prescription drugs with a $50 single deductible, a $100 family deductible, 100% coinsurance and an annual maximum of $3,000. Michelle also has a plan that covers only generic drugs. Her plan has a $50 single deductible, a $150 family deductible and 80% coinsurance. Both plans cover the employee and the employee's dependents and coordinate benefits. Michelle was born in June and Barack in August. How much will they be reimbursed in total by Barack's plan if the family submits claims as follows: Claim 1: Barack $3,100 brand-name drugs, Claim 2: Michelle $900 generic drugs, Claim 3: Sacha $1,500 generic drugs, and Claim 4: Malia $800 generic drugs $3,760 $3,210 $3,000 $2,440 QUESTION 17 1 points Save Answer Barack and Michelle are spouses with two daughters, Malia age 10 and Sasha age 14. Barack has a group plan at work that covers both brand-name and generic prescription drugs with a $50 single deductible, a $100 family deductible, 100% coinsurance and an annual maximum of $3,000. Michelle also has a plan that covers only generic drugs. Her plan has a $50 single deductible, a $150 family deductible and 80% coinsurance. Both plans cover the employee and the employee's dependents and coordinate benefits. Michelle was born in June and Barack in August. How much will they be reimbursed in total by Barack's plan if the family submits claims as follows: Claim 1: Barack $3,100 brand-name drugs, Claim 2: Michelle $900 generic drugs, Claim 3: Sacha $1,500 generic drugs, and Claim 4: Malia $800 generic drugs $3,760 $3,210 $3,000 $2,440

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: Harvey Rosen, Ted Gayer

8th Edition

0073511285, 9780073511283

More Books

Students also viewed these Finance questions