Question 10 please! Thank you! Question 10 (0.5 points) You have health insurance coverage that pays 70% of out-of-...

Question

Question

Question 10 please! Thank you!

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Amount after deductible = Total expenses-Deductible

= 970-300

=$670

Amount paid by insurance company = Amount after deductible*Percentage covered

= 670*70%

= $469

Add a comment

Answer 2

Similar Homework Help Questions

Question 11 & 12 please! Question 11 (0.15 points) Your health insurance requires a copay of...

Question 11 & 12 please! Question 11 (0.15 points) 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 $2500 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 Question 12 (0.15 points) You have health...
Part 1 - The Tucker family has health insurance coverage that pays 65 percent of out-of-hospital...

Part 1 - The Tucker family has health insurance coverage that pays 65 percent of out-of-hospital expenses after a deductible of $600 per person. If one family member has doctor and prescription medication expenses of $2,100, what amount would the insurance company pay? Part 2 - A health insurance policy pays 70 percent of physical therapy costs after a deductible of $380. In contrast, an HMO charges $24 per visit for physical therapy. How much would a person save with...
The Baulding family has a basic health insurance plan that pays 80 percent of out-of-hospital expenses...

The Baulding family has a basic health insurance plan that pays 80 percent of out-of-hospital expenses after a deductible of $250 per person. If three family members have doctor and prescription drug expenses of $632, $1,413, and $188 respectively, how much will the Baulding family and the insurance company each pay? How could they benefit from a flexible spending account established through Mr. Baulding's employer? What are the advantages and disadvantages of establishing such an account? The Baulding family will...

Question 8 & 9 please!! Thank you! Question 8 (0.5 points) How much would you receive...

Question 8 & 9 please!! Thank you! Question 8 (0.5 points) How much would you receive with replacement cost coverage for a four-year-old sofa destroyed by fire? The sofa would cost $830 to replace today, whereas it cost $800 four years ago and had an estimated life of 8 years. Your Answer: Answer Question 9 (0.5 points) You have take home pay of $725 a week. Your disability insurance coverage replaces 75% of your earnings after a four-week waiting period....
A health insurance policy pays 70% of physical therapy costs after a deductible of $300. In...

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?
Great Aunt Liliane, age 88 pays for private health insurance since she cannot get Medicaid. You...

Great Aunt Liliane, age 88 pays for private health insurance since she cannot get Medicaid. You anticipate that she will take which insurance risk level and what kind of deductible would she pay in case of illness? She should get Platinum coverage and expect to pay a low deductible if ill. She should get Silver coverage and expect to pay a high deductible if ill. She should get a Basic coverage policy and pay a hight deductible if ill. She...

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...
what is "more info" Paid by Insurance Paid by y 1. $500 deductable, 20% Co-insurance, 515...

what is "more info" Paid by Insurance Paid by y 1. $500 deductable, 20% Co-insurance, 515 co pay Total Expense Broken Finger- ER $350 X-Rays $225 Lab Tests $150 Prescription Drugs 525 1. Total Medical Expense 2. Deductible 3. Net Expense after deductible 4. 20% Co-insurance 80% of Net Expense Doctor Visits - 3 @ $100 each $15 Copay each visit Remaining Expenses Out-of-pocket Maximum - $1,500 Total Owed by you Total Paid by Insurance Company 2. $700 deductable, 15%...
Question 13 & 14 please! Thank you! Question 13 (0.15 points) You have take home pay...

Question 13 & 14 please! Thank you! Question 13 (0.15 points) You have take home pay of $975 a week. Your disability insurance coverage replaces 75% of your earnings after a four-week waiting period. What amount would you receive in disability benefits if an illness keeps you from work for 18 weeks? Your Answer: Answer DView hint for Question 13 Question 14 (0.15 points) How much would you receive with actual cash-value coverage for a four-year-old sofa destroyed by fire?...

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.)

Question 10 please! Thank you! Question 10 (0.5 points) You have health insurance coverage that pays 70% of out-of-...

Homework Answers

Add Answer to:
Question 10 please! Thank you! Question 10 (0.5 points) You have health insurance coverage that pays 70% of out-of-...

Post as a guest

Earn Coins

Question 11 & 12 please! Question 11 (0.15 points) Your health insurance requires a copay of...

Part 1 - The Tucker family has health insurance coverage that pays 65 percent of out-of-hospital...

The Baulding family has a basic health insurance plan that pays 80 percent of out-of-hospital expenses...

Question 8 & 9 please!! Thank you! Question 8 (0.5 points) How much would you receive...

A health insurance policy pays 70% of physical therapy costs after a deductible of $300. In...

Great Aunt Liliane, age 88 pays for private health insurance since she cannot get Medicaid. You...

Manuel has basic health insurance including prescription drug coverage that starts January 1, but he has...

what is "more info" Paid by Insurance Paid by y 1. $500 deductable, 20% Co-insurance, 515...

Question 13 & 14 please! Thank you! Question 13 (0.15 points) You have take home pay...

health insurance policy pays 70 percent of physical therapy costs after a $200 deductible. In contrast,...

Question 10 please! Thank you! Question 10 (0.5 points) You have health insurance coverage that pays 70% of out-of-...

Homework Answers

Add Answer to: Question 10 please! Thank you! Question 10 (0.5 points) You have health insurance coverage that pays 70% of out-of-...

Post as a guest

Earn Coins

Add Answer to:
Question 10 please! Thank you! Question 10 (0.5 points) You have health insurance coverage that pays 70% of out-of-...