A health insurance policy pays 80 percent of physical therapy costs after a deductible of $260. In contrast, an HMO charges $18 pervisit for physical therapy. How much would a person save with the HMO if he or she had 10 physical therapy sessions costing $65each? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.)Savings with HMO

The health insurance policy will pay 80% of the cost after a deductible of $260.It means out of…

Answered: A health insurance policy pays 80…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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You make the following monthly payments. Your total net income (net of taxes) is $4,000. Calculate your savings ratio. Rent $600 Entertainment $300 Car payment $253 $500 Credit card payment $100 $450 Utilities $200 Gasoline $185 Groceries $250 Retirement savings $150 Student loan payment $300 O 17.80%. O 16.18%. O 29.05%. O 29.48%. You spend Save for Later Health insurance Taxes Submit An:
Peg plans to have laser eye surgery. The total cost of $2500 will be paid with a 48-month installment loan with an APR of 4.5%. Determine Peg's total finance charge.
enfna - a,. 8. Using examples from the Kenyan economy. differentiate the profit sharing payment system from the bonus payment system ( . 9. If your medical insurance policy has a $200 deductible and a 10 percent co-payment, how much will you pay on a medical bill of $1,000? (" 10 Co-insurenn lucon dvonne selegtion Truc
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3. Two different insurance agents present you two health insurance policies as follows. AIA: It covers at most 10 outpatient visits with maximum reimbursement of 80%. For specialty, the policy would not be effective until your expenses exceed $2000. Each claim receives $800 for a maximum of 10 claims. HSBC Life: For outpatient visits, a maximum 20 visits are covered with the first 5 visits are of co-insurance rate of 80% and the next 15 visits are subject to 60% co- insurance rate. For specialty, you are allow to claim at most 5 with each claim capped at $1000. Your health care services consumed are as follows: Outpatient visits of 12 with each costs $300; Specialty of 3 with each costs $2500. Which agent's policy would ! you prefer? Explain.
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Suppose in a given state's new insurance marketplace, with community rating and no restrictions on who can buy at the community rate, the risk pool (distribution of expected health costs) is as follows: 20% of eligible enrollees' expected health costs = $1,000 (per year) 50% of eligible enrollees' expected health costs = $2,000 10% of eligible enrollees' expected health costs = $3,000 20% of eligible enrollees' expected health costs = $6,000 What would the community premium rate for this risk pool be if we also assume 10% loading costs for the insurer to cover its admin costs.
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A $15,000 personal loan charges a rate of 6%, compounded monthly and charges a $250 administration fee at the outset. What is the effective cost of the loan? 6.06% 6.10% 6.17% 6.27% The answer is 6.27% but I would like to know how to solve this problem. Thank you.

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