This topic contains a solution. Click here to go to the answer

Author Question: Kristen has an individual medical expense policy with a 1,000 calendar-year deductible, a 5,000 ... (Read 149 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
Kristen has an individual medical expense policy with a 1,000 calendar-year deductible, a 5,000 annual out-of-pocket limit, and a 20 percent coinsurance requirement.
 
  Kristen was hospitalized for a surgical procedure in March, her first health care treatment received during the year. The total bill was 20,000. Considering the deductible and coinsurance, how much of this amount must Kristen pay?
  A) 4,400
  B) 4,800
  C) 5,000
  D) 5,100

Question 2

Dirk required surgery for a kidney impairment. His total bill for medical services was 50,000. Dirk has a medical expense policy with a 1,000 calendar-year deductible and a 5,000 annual out-of-pocket limit.
 
  His coinsurance percentage is 20 percent. The out-of-pocket limit applies to coinsurance only. Assuming this surgery and hospitalization were the first medical care that Dirk received during the year and that all of the hospital services were eligible for coverage under the policy, how much of the 50,000 bill will the insurer pay?
  A) 39,000
  B) 39,200
  C) 40,000
  D) 44,000



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

todom5090

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D





 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

For a complete list of videos, visit our video library