John Klos was in the hospital for 15 days, the total bill was $152,000.  Then John spent an additional 10 days in rehab which cost $200 a day. John earns $2,700 a month John missed 1 month of work (23 days) John has health insurance from work with a $500 deductible and $1,500 coinsurance cap John has 1 month of sick days (23 days) No, long-tern heath care or disability income insurance How much of this person’s direct medical expenses was paid by the insurance company? What did they have to pay for the rehab? How much income was lost?

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
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John Klos was in the hospital for 15 days, the total bill was $152,000. 

Then John spent an additional 10 days in rehab which cost $200 a day.

John earns $2,700 a month

John missed 1 month of work (23 days)

John has health insurance from work with a $500 deductible and $1,500 coinsurance cap

John has 1 month of sick days (23 days)

No, long-tern heath care or disability income insurance

  1. How much of this person’s direct medical expenses was paid by the insurance company?
  2. What did they have to pay for the rehab?
  3. How much income was lost?
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