Ellie has a rough December and racks up the following services: Radiology and diagnostic tests (allowable charges $1,200), one ER visit (allowable charges $3,000), two visits to her primary physician (allowable charges $200), 3 prescriptions (2 generics and 1 formulary). Through November, Ellie had satisfied $2,500 towards her deductible. All services were in - network. How much is Ellie obligated to pay?
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- Sarah purchases a health insurance plan. The annual premium is $7,000. The plan has the following characteristics: Copay for each visit to a provider is $40. Deductible = $4,000 Coinsurance is 65/35 Max out-of-pocket (after deductible): $5,000 On the first day of her plan year, she breaks her leg skiing. After 4 visits to various providers, the total medical bill for all expenses comes to $16,000. A. How much of the $16,000 does Sarah pay? B. How much of the $16,000 does the insurance company pay?A patient's insurance policy states: Annual deductible: $300.00 Coinsurance: 70-30 This year the patient has made payments totaling $533 to all providers. Today the patient has an office visit (fee: $80). The patient presents a credit card for payment of today's bit. What is the amount that the patient should pay?Solve manually using formulas. Xia received an HMO card which allows her to reimburse all of her healthcare expenses. She had healthcare expenses of 100 per week for the first 50 weeks of the year. She sent in claim forms for all of her reimbursable expenses in bulk at the end of the 50th week and received payment at the end of the 51st week, which she deposited in her account on the same day that she received it. Calculate the difference between the amount actually accumulated in her savings account at year end and the amount that could have been accumulated if Xia sent in her claim forms at the end of each week and received the payment at the end of the following week. Let the annual effective rate of interest = 10.95%.
- Katie made a prepaid purchase of medical insurance of $3,200 for the year. In seven months she cancelled the insurance. Calculate the pro-rated refund she should receive from the insurance company. Round to the nearest cent SAVE PROGRESS SUBMITASSGN acerRebecca carries a balance on her credit card each month. Today is the first day of the new. 28-day billing cycle. The current balance is x and the APR is 24%. Rebecca is buying a friend an expensive gift that costs $1,400 that she plans to put on her credit card. This will be her only purchase this month. She will bemaking this purchase on the last day of the month. Part A if her finance charge will be $51 write and solve an equation to determine her current balance on her credit card show your work. Part B How much in finance charges can she save by making the purchase on the last day of the billing versus the first day of billing? ExplainStephanie was involved in a car accident and rushed to the emergency room. She received stitches for a facial and treatment for a broken finger. Under Stephanie PPO plan, emergency room care at a network hospital is 80 percent covered after the member has met a 300 annual deductible. Assume that Stephanie went to a hospital within her PPO network. Her total emergency room bill was 850. What amount did Stephanie have to pay? What amount did the PPO cover?
- Jayce bought new shoes for running and bicycling, a new wetsuit, and a new bicycle. Altogether, the cost was $2756.43. He has the following two credit options an d plans to pay the minimum payment each month: -A line of credit at 8.9%, compounded monthly, with a minimum monthly payment of $50. -A credit card at 15.2%, compounded daily, with a minimum monthly payment of $60. Question- A) How long would it take Jayce to pay off the line of the credit? How long would it take him to pay off the credit card? B)Which credit option do you think Jayce choose? Explain. C)If Jayce wants to pay off the loan in a year, what will his payments have to be? D) write term of each option.Angela's monthly disposable income is $3,188. She has monthly expenses of $2,869 (including recreational expenses of $404) and net cash flow of $319 per month. Angela makes a budget based on her personal cash flow statement. In two months, she must pay $389 for tags and taxes on her car. How much can Angela expect to save in the next 12 months?You have a policy with a $1,000 deductible, 80/20 co-insurance, and a $7,500 maximum OOP. You become ill and are hospitalized for two days. The total cost for your treatment is $26,000. Answer the following questions. How much will you pay of the deductible? How much will you pay in co-insurance? What is the total OOP you will pay for this hospital visit? During the same policy year, you have an additional medical expense of $3,500. How much will you pay? What is your total OOP for the year-to-date? Later in the same policy year, you have a $5,000 charge for tests required after your previous hospital stay. How much will you pay
- . Gabriel Godwin purchases a tiny home for his elderly mother. After a large down payment, he finances $88,600 at 5% for 10 years. Prepare a repayment schedule for the first two payments. This should be in a table Payment Number Total Payment Interest Payment Principal Payment Remaining BalanceThrough the classifieds of the Miami Herald Rhonda Brennan found her first job after graduating from college. She was delighted when the offer came through at $21.50 per hour. She completed her W-4 stating that she is married filing as head of household. Her company will pay her biweekly for 80 hours. Calculate her take-home pay for her first check. The tax rate for Social security is 6.2% and Medicare is 1.45%. (Use Table 7.1.) Note: Do not round intermediate calculations. Round your answer to the nearest contSarah made a prepaid purchase of medical insurance of $3,100 for the year. In five months he cancelled the insurance. Calculate the pro-rated refund he should receive from the insSurance company. Round to the nearest cent SAVE PRO 15°C D