1) What is the difference between Tricare and ChampVA? 2) If Jill's covered surgery cost $10,000...
1) What is the difference between Tricare and ChampVA?
2) If Jill's covered surgery cost $10,000 and her out-of-pocket maximum was $1000, how much would Jill's surgery end up costing her?
3)Jack had knee surgery.
His physician charged 5000
His insurance allowed 4000
Jack has a 1000 deductible that has not been met.
Jack's insurance pays 80/20.
Jack's insurance has an out-of-pocket maximum of 4000.
A. How much out-of-pocket will Jack have to pay?
B. How much will Jack's insurance pay?
please answer all part of question
Homework Answers
1) Tricare is one of the government programs which provide healthcare services to the active military,retirees and their family members whereas CHAMPVA is the Civilian health and Medical Program of the Department of Veterans Affairs who is responsible to bear the cost of some health care services provided to eligible participants.
2) Jill's surgery end up costing = $ 10000 + $1000= $11000
3)Total cost of Knee surgery = 5000
A) Jack will have to pay out of pocket = 20% of 5000 = 1000
B) Jack's Insurance will pay = 80% of 5000 = 4000
Add Answer to:
1) What is the difference between Tricare and ChampVA?
2) If Jill's covered surgery cost $10,000...
1.If a person must pay the first $300 of covered health care expenses in a year,...
1.If a person must pay the first $300 of covered health care expenses in a year, this is called their a. deductible. b. maximum out-of-pocket. c. lifetime maximum. d. co-payment. 2.The majority of people with private health insurance get it a. along with one other person. b. individually. c. in groups. d. at the grocery store. 3.The lifetime maximum is the a. most of covered expenses that an individual will have to pay during a year. b. percentage of a...
you must show all your work for full credit Use the following information to answer the following questions deductible: $1000 coinsurance: 20% out-of-pocket maximum: $8000 let's say you have $3000...
you must show all your work for full credit Use the following information to answer the following questions deductible: $1000 coinsurance: 20% out-of-pocket maximum: $8000 let's say you have $30000 in covered medical expenses in January: How much are you going to pay? How much insurance company pays? if you have an additional $20000 in medical expenses: how much are you going to pay? how much insurance company pays?
Your health insurance requires a copay of $45 each time you see your doctor. You have...
Your health insurance requires a copay of $45 each time you see your doctor. You have already met your $1500 deductible for the year, but you are far below your out-of-pocket maximum payment of $5000 for the year. Your doctor charges patients without insurance $100 per visit. How much must you pay for your visit to the doctor in this situation?
Your health insurance requires a copay of $45 each time you see your doctor. You have...
Your health insurance requires a copay of $45 each time you see your doctor. You have already met your $1750 deductible for the year, but you are far below your out- of-pocket maximum payment of $4000 for the year. Your doctor charges patients without insurance $100 per visit. How much must you pay for your visit to the doctor in this situation? Your Answer:
Your health insurance requires a copay of $30 each time you see your doctor. You have...
Your health insurance requires a copay of $30 each time you see your doctor. You have already met your $1000 deductible for the year, but you are far below your out-of-pocket maximum payment of $3000 for the year. Your doctor charges patients without insurance $100 per visit. How much must you pay for your visit to the doctor in this situation? Your Answer: Answer
Maria has basic health insurance, including prescription drug coverage, with a plan year that starts on July 1, but she...
Maria has basic health insurance, including prescription drug coverage, with a plan year that starts on July 1, but she has no vision or dental coverage. Her coverage includes a $2,500 deductible, 75:25 coinsurance, and a stop-loss point of $10,000. Maria has been undergoing treatment for premature wrinkles. By the end of May, she's reached her stop-loss point for covered medical care. Her wrinkle treatment for the month of June will cost $1,000. How much will Maria have to pay...
Ch 16 Case Studies #8
As with a Medicare RA, when a commercial RA is received, before posting payments and preparing secondary claims that may be required you must carefully review it. When analyzing an RA from a commercial carrier, you must be familiar with the guidelines of that carrier’s particular plan. The type of services covered and the percentage of the coverage will vary, depending on whether the plan is a fee-for-service plan, a managed care plan, a consumer-driven health plan, or some other...
Manuel has basic health insurance including prescription drug coverage that starts January 1, but he has...
Manuel has basic health insurance including prescription drug coverage that starts January 1, but he has no vision or dental coverage. His coverage includes a $1,500 deductible, 80%/20% coinsurance, and a stop-loss point of $5,500. He goes to an urgent care center on New Year’s Day (thinking he has food poisoning from the oysters he ate on New Year’s Eve). Using Manuel's info from above, calculate the total amount he will have to pay for new glasses for the summer...
1-Your health insurance requires a copay of $45 each time you see your doctor. You have...
1-Your health insurance requires a copay of $45 each time you see your doctor. You have already met your $750 deductible for the year, but you are far below your out-of-pocket maximum payment of $4500 for the year. Your doctor charges patients without insurance $100 per visit. How much must you pay for your visit to the doctor in this situation? 2-What would it cost an insurance company to replace a family's personal property that originally cost $19000? The replacement...
Which one of the following is TRUE about the concept of "coinsurance": For property insurance, the main purpose of...
Which one of the following is TRUE about the concept of "coinsurance": For property insurance, the main purpose of coinsurance is to get policyholders to share costs with insurers after the deductible is reached. For health insurance, the main purpose of coinsurance is punish policyholders for under insuring. For health insurance, coinsurance is used as an incentive for policyholders to use in-network providers. None of the above are TRUE. 26. а. b. с. d. 27. Which one of the following...
Your health insurance requires a copay of $45 each time you see your doctor. You have already met your $1750 deductible for the year, but you are far below your out- of-pocket maximum payment of $4000 for the year. Your doctor charges patients without insurance $100 per visit. How much must you pay for your visit to the doctor in this situation? Your Answer:
Your health insurance requires a copay of $30 each time you see your doctor. You have already met your $1000 deductible for the year, but you are far below your out-of-pocket maximum payment of $3000 for the year. Your doctor charges patients without insurance $100 per visit. How much must you pay for your visit to the doctor in this situation? Your Answer: Answer
Which one of the following is TRUE about the concept of "coinsurance": For property insurance, the main purpose of coinsurance is to get policyholders to share costs with insurers after the deductible is reached. For health insurance, the main purpose of coinsurance is punish policyholders for under insuring. For health insurance, coinsurance is used as an incentive for policyholders to use in-network providers. None of the above are TRUE. 26. а. b. с. d. 27. Which one of the following...
Most questions answered within 3 hours.
-
2. According to economists, people pollute because
a. They have low self esteem
b. They are...
asked 1 minute ago -
What are the three mechanisms that control hormone release and a
example of each.
asked 5 minutes ago -
For this project you will be writing up a simple Clock program
to keep track of...
asked 7 minutes ago -
What would happen to the price level and real GDP if new, large
reserves of petroleum...
asked 7 minutes ago -
The December 31, 2018, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
...
asked 11 minutes ago -
E21-11 (L02) (Amortization Schedule and Journal Entries for
Lessee) Laura Leasing Company signs an agreement on...
asked 30 minutes ago -
Joe Mataya’s company provides after-sales support for all the
photo-copiers and high-load printers on our campus....
asked 37 minutes ago -
In a statistics class there are 12 students. Five of the
students are seniors and the...
asked 1 hour ago -
can someone please explain for me in any easy way what does
Dipole mean ?
asked 55 minutes ago -
Consider the following grammar:
<S> → <A> a <B> b
<A> → <A> b | b...
asked 56 minutes ago -
Chapter’s 2 “Dominos Sizzles with Pizza Tracker” Case Study.
Ansewer the following questions:
1) What kinds...
asked 58 minutes ago -
It's a snowy day and you're pulling a friend along a level road
on a sled....
asked 58 minutes ago