Question

Help Save & Exit Submit Problem 9-3 (L09.2) Becky's comprehensive major medical health insurance plan at work has a deductible of $820. The policy pays 80 percent of any amount above the deductible. While on a hiking trip. Becky contracted a rare bacterial disease. Her medical costs for treatment including medicines, tests, and a nine day hospital stay, totaled 59.033. 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 $3.700 points a. Calculate the total amount Becky would pay under the current policy. (Do not round intermediate calculations. Round your answers to 2 decimal places.) BOOK Becky's co-insurance cost Deductible Total personal cost b. Would a $3.700 stop-loss provision on her current policy have reduced Becky's cost for this iness! Click to select)

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Answer:

@ Avg Beckys Co- insurance cost = ($9033 - $820) x 20% = $ 8,213 x 20% = $ 1642.6 Deductible - $820 : Total Amount Becky would pay under the Current policy is, = $1642.6 + $820 = $2,462.60 bars Becky would paid $3,700 Amount first. Amount paid with current policy is, - $ 3,700 – $ 2,462,60 = $1,237.4 which is less