Question
Sarahs comprehensive major medical health insurance plan at work has a deductible of $350. The policy pays 75 percent of any amount above the deductible.
Sarahs comprehensive major medical health insurance plan at work has a deductible of $350. The policy pays 75 percent of any amount above the deductible. While on a hiking trip, she contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a six-day hospital stay, totaled $9,500. 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 $3,900. The policy with the stop-loss feature has the same deductible and coinsurance requirement as Sarah's current policy.
Determine which policy would have cost Sarah less and by how much.
A. Current policy Incorrect
B.Stop-loss feature
C. No difference in Sarah's cost for this claim.
Difference amount:
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