Business, 05.12.2019 02:31 kevinmarroquin6
Becky’s comprehensive major medical health insurance plan at work has a deductible of $730. 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 seven-day hospital stay, totaled $9,233. 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 $4,700.
a.
calculate the total amount becky would pay under the current policy. (do not round intermediate calculations. round your answers to 2 decimal places.)
becky's co-insurance cost $
deductible $
total personal cost $
b.
would a $4,700 stop-loss provision on her current policy have reduced becky's cost for this illness?
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Becky’s comprehensive major medical health insurance plan at work has a deductible of $730. the poli...
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