QUESTION 12 Abeer has a major medical pblicy with a 5200o deductible. She is required to pay 25 percent of covered expenses in excess of the deductble. The insurer will pay 75 percent of expenses in excess of the deductble. f Abeer has eligible medical expenses of $10.000. how much will be pad by her insurer? Da57.300 Ob. $7.500 C S0.800 Cd. $7.350
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- 14. You have a 70/30 medical insurance policy with a $1,500 premium and a $800 deductible. You have medical expenses totaling $3,600. What is the cost to the insurance company for the loss? $1,605 $1,960 $2,100 $2,850 5: C lo nirLaura was billed 1200 for a recent surgery. The patient has a $1500 deductible of which she has met 800additionher policy has 10% co-insurance How much will insurance pay? How much will Laura pay?LO.2 Belinda spent the last 60 days of 2019 in a nursing home. The cost of the services provided to her was 18,000 (300 per day). Medicare paid 8,500 toward the cost of her stay. Belinda also received 5,500 of benefits under a long-term care insurance policy she purchased. Assume that the Federal daily excludible amount is 370. What is the effect on Belindas gross income?
- Check my work Ariana's health Insurance policy includes a deductible of $1,050 and a coinsurance provision requiring her to pay 20 percent of all bils. Her total bill is $8,700. What is Ariana's total cost? (Do not round intermediate calculations.) Imsured's cotQ24 Javier participates in a defined benefit pension plan at his place of employment. His projected monthly benefit under the plan is $1,000. If the plan provides life insurance for Javier, the death benefit payable under the policy is limited to a. $100,000. b. $25,000. c. $ 1,000. d. $10,000.Doc White gave you a rough "rule of thumb" for determining your life insurance needs, based on your annual salary Assume that Pete has an annual salary of $80,000. What is the rough range of life insurance coverage that Pete should have according to this rule? A. $400,000 to $800,000 OB. $400,000 to $480,000 OC. $160,000 to $480,000 OD. $160,000 to $800,000
- QUESTION 9 Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 1,127, another in May costing 2,209 and the last in December costing 1,043. If Faisal has a straight deductible of 324. How much will the insurer pay?You have health insurance coverage that pays 75% of out-of-hospital expenses after a $400 deductible. You incurred doctor and prescription medication expenses of $1090. What amount will the insurance company pay?5. ALGEBRA Ishiro Murakami has $15.60 deducted weekly for family medical insurance. His employer pays 85% of the cost. What is the annual premium?
- Mary Elizabeth has Medicare Part B. Medicare requires a yearly deductible of$110.00. After the deductible has been met, Medicare's coinsurance is80/20. Mary Elizabeth has paid only$72.50toward her deductible. Today's bill is$115.00. How much will Mary Elizabeth be responsible for?Evan had three accounts as listed below. In 2020, how much was his total insurance coverage by the FDIC? • Bank A: $110,000 Bank B: $80,000 • Bank C: $315,000 Multiple Choice O $110,000 $190,000 O $315,000Using the Human Life Value Method, how much life insurance does Carl need? Family Share of Earnings 52,500 Current Age 30 Retirement Age 65 Rate of Return 7% Inflation 3% Final Expenses and Debt $50,000 Payments Approx. $850,000 O Approx. $950,000 О Аpprox. $1.05 Million O Approx. $1.5 Million