Karina has a health insurance policy that includes a deductible of $500 and a coinsurance of...
Karina has a health insurance policy that includes a deductible of $500 and a coinsurance of 20 percent. If her total bill is $3,200, how much will she be required to pay?
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Karina has a health insurance policy that includes a deductible
of $500 and a coinsurance of...
Gina's health insurance includes a $400 deductible and 80/20 coinsurance on all services that are not...
Gina's health insurance includes a $400 deductible and 80/20 coinsurance on all services that are not preventable. Gina visited the doctor for a sore throat on January 1st (so she has not yet met her deductible). The bill was $40. How much will Gina pay for the visit?
Sandy has a $292,462 insurance policy with 80% coinsurance clause and a $1,000 deductible. She sustains...
Sandy has a $292,462 insurance policy with 80% coinsurance clause and a $1,000 deductible. She sustains $58,313 in fire damage to her home when it catches on fire after a lightning strike. It costs $289,285 to replace her home. She has a named storm deductible of 2%. How much will the insurer pay for her damage?
Sarah's comprehensive major medical health insurance plan at work has a deductible of $400. The policy...
Sarah's comprehensive major medical health insurance plan at work has a deductible of $400. The policy pays 80 percent of any amount above the deductible. While on a hiking trip, she contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a six-day hospital stay, totaled $9,440. 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. The policy with...
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...
Becky's comprehensive major medical health insurance plan at work has a deductible of $740. The policy...
Becky's comprehensive major medical health insurance plan at work has a deductible of $740. The policy pays 65 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 five-day hospital stay, totaled $9,253. 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 $4,800. a. Calculate the...
ecky's comprehensive major medical health insurance plan at work has a deductible of 760. The policy...
ecky's comprehensive major medical health insurance plan at work has a deductible of 760. The policy pays 80 percent of any amount above the deductible. While on a hiking rip, Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a five-day hospital stay, totaled $8,913. 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 $3,100. a. Calculate...
Becky’s comprehensive major medical health insurance plan at work has a deductible of $820. The policy...
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 $9,033. 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. a. Calculate the...
Becky’s comprehensive major medical health insurance plan at work has a deductible of $720. The policy...
Becky’s comprehensive major medical health insurance plan at work has a deductible of $720. The policy pays 85 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 four-day hospital stay, totaled $9,213. 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 $4,600. a. Calculate the...
Sylvia recently had her appendix removed. Her total bill for the surgery, which was her only healthcare...
Sylvia recently had her appendix removed. Her total bill for the surgery, which was her only healthcare expense for the year, came to $11,500. Her health insurance plan has a $500 annual deductible and an 80/20 coinsurance provision. The cap on Sylvia’s coinsurance share is $1,500. A. How much of the bill will Sylvia pay? B. How much of the bill will be paid by Sylvia’s insurance?
Sylvia recently had her appendix removed. Her total bill for the surgery, which was her only...
Sylvia recently had her appendix removed. Her total bill for the surgery, which was her only healthcare expense for the year, came to $11,500. Her health insurance plan has a $500 annual deductible and an 80/20 coinsurance provision. The cap on Sylvia’s coinsurance share is $1,500. How much of the bill will Sylvia pay? How much of the bill will be paid by Sylvia’s insurance?
Sarah's comprehensive major medical health insurance plan at work has a deductible of $400. The policy pays 80 percent of any amount above the deductible. While on a hiking trip, she contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a six-day hospital stay, totaled $9,440. 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. The policy with...
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...
Becky's comprehensive major medical health insurance plan at work has a deductible of $740. The policy pays 65 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 five-day hospital stay, totaled $9,253. 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 $4,800. a. Calculate the...
ecky's comprehensive major medical health insurance plan at work has a deductible of 760. The policy pays 80 percent of any amount above the deductible. While on a hiking rip, Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a five-day hospital stay, totaled $8,913. 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 $3,100. a. Calculate...
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