health insurance policy pays 70 percent of physical therapy costs after a $200 deductible. In contrast,...
health insurance policy pays 70 percent of physical therapy costs after a $200 deductible. In contrast, an HMO charges $17 per visit for physical therapy. How much would a person save with the HMO if he or she had 10 physical therapy sessions costing $50 each? (Do not round intermediate calculations.)
Homework Answers
Cost with health insurance=200+(1-70%)*(10*50-200)=290
Cost with HMO: 10 sessions=10*17=170
Savings of 290-170=120 with HMO
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health insurance policy pays 70 percent of physical therapy
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A health insurance policy pays 70% of physical therapy costs after a deductible of $300. In contrast, an HMO charges $20 per visit for physical therapy. How much would a person save with the HMO of he or she had 12 physically therapy sessions costing $75 each?
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