Question 1 Justin has a comprehensive auto insurance policy with a $100 deductible, with a 80/20...
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Question 1 "Justin has a comprehensive auto insurance policy with a $100 deductible, with a 80/20 copay and a $200 out-of-pocket limit. Last week, their car was crushed by a falling tree. This cost them $1,600 to replace the car. How much of this expense will they havve to pay out of pocket?" Question 2 6 pts Question 3 6 pts "Dina was just involved in a car accident and charged $9,100 in expenses as a result. If their insurance policy has a $7,400 deductible, a $7,400 out-of- pocket limit, and a 100/0 copay. What will be their out of pockect expense for this accident?" 8 pts "Philip has had a pretty bad year. This year alone, they have had to be hospitalized three times once for three days in January, one night in October, and again just overnight in December. Together, the bill for these medical services cost a total of $5,900. Fortunately, they have a health insurance policy. This policy has a $3,200 deductible, with a 80/20 copay and a $9,600 out-of-pocket limit. How much total did they have to pay out of their own pocket for these medical expenses this year?" Question 1 "Justin has a comprehensive auto insurance policy with a $100 deductible, with a 80/20 copay and a $200 out-of-pocket limit. Last week, their car was crushed by a falling tree. This cost them $1,600 to replace the car. How much of this expense will they havve to pay out of pocket?" Question 2 6 pts Question 3 6 pts "Dina was just involved in a car accident and charged $9,100 in expenses as a result. If their insurance policy has a $7,400 deductible, a $7,400 out-of- pocket limit, and a 100/0 copay. What will be their out of pockect expense for this accident?" 8 pts "Philip has had a pretty bad year. This year alone, they have had to be hospitalized three times once for three days in January, one night in October, and again just overnight in December. Together, the bill for these medical services cost a total of $5,900. Fortunately, they have a health insurance policy. This policy has a $3,200 deductible, with a 80/20 copay and a $9,600 out-of-pocket limit. How much total did they have to pay out of their own pocket for these medical expenses this year?"
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Solutions to Insurance OutofPocket Expense Questions Question 1 1 Deductible Since the car replaceme... View the full answer
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Posted Date:
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