Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Taylor started a new job last month and selected a HDHP (high deductible health plan). She recently found out that she will need to
Taylor started a new job last month and selected a HDHP (high deductible health plan). She recently found out that she will need to have surgery on her knee soon. She knows that costs can sometimes be unpredictable with a HDHP and is worried about the cost. She speaks to a representative at her doctor's office and finds out that her insurance will be billed for the amounts shown below. If her HDHP has a deductible of $2500, 80/20 co-insurance (the plan pays 80%, she pays 20%) and an out of pocket maximum of $4000, how much can she expect to owe for her surgery? Remember, Taylor will pay the full amount of each medical service until she reaches $2500, then she will pay 20% of each expense until she reaches $4000 J Surgery Expenses: Bloodwork-$200 X-rays - $100 Knee Surgery - $2200 Medications - $50 Anesthesia- $1500 Physical Therapy- 6 visits, $75 each Taylor's Cost for each expense: (these are from the word bank) $ Answer $ Answer $ Answer $ Answer $ Answer $ Answer Total (add as you go): $ type your answer... $300 (this is bloodwork + x-rays) $ type your answer... $ type your answer... $ type your answer... $ type your answer...
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Lets calculate the total cost and Taylors outofpocket expenses for each expense item 1 Bloo...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started