(Answered) Michael recently had his gallbladder removed his total bill

Finance

Michael recently had his gallbladder removed. His total bill for this event, which was his only health care expense for the year, came to $13,890. His health insurance plan had a $500 annual deductible and a 75/25 coinsurance provision. The cap on Michael's coinsurance share is $2000. Please show work.

a) How much of the bill will Michael pay?

b) How much of the bill will be paid by his insurance?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92537043
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

A commercial bank will loan you 58734 for 5 years to buy a

A commercial bank will loan you $58,734 for 5 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 13.45 percent of the unpaid balance. Wh ...

Questions -q1 cj co stock has a beta of 09 the current

Questions - Q1: CJ Co stock has a beta of 0.9, the current risk-free rate is 5.6, and the expected return on the market is 13 percent. What is CJ Co's cost of equity? Q2: TAB Inc. has a $100 million (face value), 10-year ...

Confused on this one would appreciate any helpthe following

Confused on this one. Would appreciate any help. The following information relates to Lobo Corporation: Cash $20,000 Accounts receivable $50,000 Marketable securities ...

Suppose the after-tax free cash flows for a proposed

Suppose the after-tax free cash flows for a proposed acquisition are $11.55/year in perpetuity and that it was deemed that the appropriate WACC should be based on a capital structure of 25 percent debt and 75 percent equ ...

Thsi estimates that their project will initially cost 523

THSI estimates that their project will initially cost $5.23 million to setup and will generate $20 million in revenues during its first and only year in operation (paid in one year). Operating expenses are expected to to ...

What are some best practice principles to remember for

What are some best practice principles to remember for estimating a corporate cost of capital?

Suppose your firm is considering investing in a project

Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 10 percent, and that the maximum allowable payback and discounte ...

Question 1the stock of business adventures sells for 40 a

Question 1: The stock of Business Adventures sells for $40 a share. Its likely dividend payout and end-of-year price depend on the state of the economy by the end of the year as follows: Dividend Stock Price Boom $2.00 ...

Is there a way to protect and secured the file with a

Is there a way to protect and secured the file with a password, checked compatibility, and removed inappropriate information on Powerpoint?

Explain how the company newmans own brand fulfills the

Explain how the company Newman's Own brand fulfills the definition of a business for profit and a non-profit business at the same time. Consider in the response the functions of business, entrepreneurship and production ...

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

Recent Questions

Ask Basic Finance Expert