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?

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?

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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Ms. Daphnee Rosagas needs 5,500 on August 19, 1991 for her children's school expenses. She plans to repay the money on December 6, 1991. What size of loan should she request from the Employees Credit Cooperative if the interest in advance is 6 3/8% (Simple Discount)
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To help pay for art school, Kareem borrowed money from his credit union. He took out a personal, amortized loan for $55,000 at an interest rate of 5.3% with monthly payments for a term of 20 years a) Find Kareem's monhly payment b) If Kareem pays the monthly payment for each month for the full term, find his total amount to repay the amount. c) If Kareem pays the monthly payement for each month for the full term, find the total amount of interest he will pay. .
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The Baulding family has a basic health insurance plan that pays 80 percent of out-of-hospital expenses after a deductible of $250 per person. If three family members have doctor and prescription drug expenses of $425, $1,444, and $195, respectively, how much will the Baulding family and the insurance company each pay? How could they benefit from a flexible spending account established through Mr. Baulding's employer? What are the advantages and disadvantages of establishing such an account? The Baulding family will pay $ (Round to the nearest dollar)

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