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Category > Math Posted 19 Apr 2017 My Price 9.00

The company you work for offers two different health insurance

The company you work for offers two different health insurance plans and you have a chance during "open enrollment" to make a change if needed. Look over the table of insurance summaries below:

 

Plan A 
(You pay . . .)		 Plan B 
(You pay . . .)
Co-payment for Office Visit = $20 Co-payment for Office Visit = $30
Prescription Drugs at 30% (you pay 30% of the cost) Prescription Drugs at 50% (you pay 50% of the cost)
Emergency Room Visit = first $75 plus 10% of remaining charge (for example, for a cost of $400, you pay $75 + 0.1($325)) Emergency Room visit = first $75 plus 30% of remaining charge (for example, for a cost of $400, you pay $75 + 0.3($325))
Hospital stay or procedures at 10% (you pay 10% of the cost) Hospital stay or procedures at 30% (you pay 30% of the cost)
Other approved expenses at 10% Other approved expenses at 30%
Monthly premium = $475

Monthly premium = $125

 

 

   

 

 

 

 

Your expenses from last year are summarized for you in the table below:

 

Month Your Medical Expenses
January 1 office visit(s) & $110 prescription
February 1 Emergency room visit (charged $575)
March 2 office visit(s)
July  1 office visit(s)
August Hospital stay for surgery (hospital/doctor charged $9430) and $120 prescription
September 1 office visit(s)
 
8.  Including premiums and payments outlined above, what would have been your total medical costs for the year using the Plan A insurance?

 (Round to the nearest dollar.)
 
9. 

Including premiums and payments outlined above, what would have been your total medical costs for the year using the Plan B insurance?

 

(Round to the nearest dollar.)

 

Answers

ComputerScienceExpert
(11)
Status NEW Posted 19 Apr 2017 03:04 AM My Price 9.00

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