Ask Question, Ask an Expert


Ask Financial Accounting Expert

Problem: Henry visited the doctor's office last week due to a persistent cough and complexity breathing. The bill has arrived and Henry can see which he was charged by his physician for the visit as well as radiology for x-ray of his lungs and the laboratory for tests on his blood sample. The combined fees billed for the visit, the x-ray and the lab tests are $475. With prior health care visits this year, Henry has already met his yearly deductible of $200 and has accrued $700 toward his co-insurance cap in previous bills he has paid.

Use the following information to compute the portion of the bill to be covered by Henry's insurance provider.

i) Annual deductible $200 (previously met)
ii) Co-insurance split 80/20 (insurance 80%/Henry 20%)
iii) Co-insurance cap $1,000 (before this visit, Henry had paid $700 in co-insurance so far this year)

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M94054

Have any Question? 

Related Questions in Financial Accounting

1 what is meant by the terms positive cash flows and

1. What is meant by the terms positive cash flows and negative cash flows? How do they relate to revenues and expenses? 2. What are the three categories commonly found in a state- ment of cash flows, and what is included ...

The following transactions for nielsen architects occurred

The following transactions for Nielsen Architects occurred during December of the current year. Follow the step-by-step instructions to record the transactions, process the adjusting entries, and prepare the financial st ...

Decision case preparation of projected statements for a

Decision Case : Preparation of Projected Statements for a New Business Upon graduation from MegaState University, you and your roommate decide to start your re- spective careers in accounting and salmon fishing in Remote ...

Kitchenware inc sells two types of water pitchers plastic

Kitchenware, Inc., sells two types of water pitchers, plastic and glass. Plastic pitchers cost the company $15 and are sold for $30. Glass pitchers cost $24 and are sold for $45. All other costs are fixed at $982,800 per ...

Using a computer spreadsheet to solve multipleproduct

USING A COMPUTER SPREADSHEET TO SOLVE MULTIPLEPRODUCT BREAK-EVEN, VARYING SALES MIX The following projected income statement for More-Power Company is repeated for your convenience. Recall that the projection is based on ...

On march 15 chief company acquired 20000 shares of its own

On March 15, Chief Company acquired 20,000 shares of its own $2 par value common shares at a cost of $17 per share. Chief originally issued the shares at $12 per share. On July 5, Chief sold 7,000 of the shares back in t ...

Express copy offers walk-in copying and binding services to

Express Copy offers walk-in copying and binding services to small businesses that cannot afford to provide those services in-house. Following is a typical schedule for a 53-copy spiral-bound job: Activity                 ...

On january 1 of year 1 congo express airways issued 3500000

On January 1 of Year 1, Congo Express Airways issued $3,500,000 of 7% bonds that. pay interest semiannually on January 1 and July 1. The bond issue price is $3,197,389 and the market rate of interest for similar bonds is ...

An eleventh circuit client who files in the us court of

An eleventh circuit client who files in the US court of federal claims wants to know whether to include the terms of multiple options to renew a sale leaseback to calculate a deduction. What is authoritative reference? • ...

Quincy transfers 825000 in cash to newly formed russell

Quincy transfers $ 825,000 in cash to newly formed Russell Corporation for? 100% of Russell ?'s stock. In the first year of? operations, Russell ?'s taxable income before any payments to Quincy is $ 215,000. What total a ...

  • 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