Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Calculation of health expenditure on insurance.

Two Health Insurance Cases

(a) Jermaine has a health insurance policy that has a deductible of $1,000, a $10 copayment on doctor visits, and coinsurance of 10% on all expenses other than those for which there are copayments. If Jermaine went to the doctor 4 times (doctor's fee is $40 per visit) and had a surgery that cost $2,000, how much of these expenses did Jermaine pay directly?

(b) Elise has a health insurance strategy which has a deductible of $500, a $20 copayment on doctor visits, and coinsurance of 10% on all expenses other than those for which there are copayments. She visited the doctor 4 times last year (doctor's fee is $40 per visit) and underwent a surgery that cost $3,000. If instead she had had a policy with a $1,000 deductible, a $10 copayment on doctor visits and no coinsurance, (excluding the cost of the insurance) would she pay more or less than with her actual policy? By roughly how much (give a range)?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M918234

Have any Question? 


Related Questions in Business Economics

Making a java program with in which i to create a main in

Making a Java program with in which I to create a main() in it and another code file with a separate class. Also needs creating objects of the class in the running program. The system handles employee records and process ...

On august 30 2012 shares of stock in eli lilly were selling

On August 30, 2012, shares of stock in Eli Lilly were selling for $45.00 per share. On August 30, 2016, the shares were priced at $78.35. If you bought shares four years ago for $45.00 per share and sold them now for $78 ...

New discussionas an entrepreneur you want to start a

New Discussion As an entrepreneur, you want to start a business. You know that the first step is to consider drafting a business plan proposal to organize all of your ideas. For this assignment, you will be submitting a ...

Fiberia accessories a clothing retailer is planning to

Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and Decemb ...

A lottery claims its grand prize is 10 million payable over

A lottery claims its grand prize is $10 million, payable over 5 years at $2,000,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of 6%. Need to show form ...

Personal injury lawyers may be paid a contingency fee equal

Personal injury lawyers may be paid a contingency fee equal to a percentage of the amount awarded. The lawyer receives payment only if his or her client wins the case and is awarded a sum of money. Lawyers in other types ...

Case study - constant cable company deliverables1 using the

Case study - Constant Cable Company Deliverables 1. Using the template provided as a starting point, create an Excel workbook that includes the following worksheets: a. Assumptions b. Economic Feasibility Summary The Ass ...

Assignmentdevelop a 1050-word examination of the ethics and

Assignment Develop a 1,050-word examination of the ethics and social responsibility practices within Wal-Mart. Include the following in your examination: • Select a business decision made within the organization. • Ident ...

Why are the rules governing plagiarism important for

Why are the rules governing plagiarism important for academic communities? Are there situations where the rules are too stringent? What is the most difficult aspect of understanding these rules? Explain briefly in 300 wo ...

Use demand-supply analysis ndash with appropriately drawn

Use demand-supply analysis – with appropriately drawn graphs – to briefly explain the effects (i.e., increase or decrease) on the equilibrium price and quantity from the following: a. In the past, the success of Tiger Wo ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate