Your deductible does not count toward your family deductible. Rules - $500 individual deductible, $1000 family deductible,
Question:
Your deductible does not count toward your family deductible.
Rules - $500 individual deductible, $1000 family deductible, 80/20 Co-pay, $500 per person Wellness Benefit
Determine how much the following doctor's visits would cost you and the insurance company (assume that they happen in descending order. (25 points)
Event and Cost | Your Cost | Insurance Cost |
#1 - Complete Physical $200 and Lipid profile $100. | ||
#2 - Chiropractic Therapy visit for you and your spouse $60 each | ||
#3 - Emergency Room visit and Surgery for your broken ankle - $5500 | ||
#4 - Doctors visit for your spouse's bronchitis - $200 | ||
#5 - Doctors visit for your child's bronchitis - $150 | ||
#6 - ER visit and 4-day hospital stay for your other child for pneumonia - $12,500 | ||
#7 - Chiropractic visit for you and your spouse $75 each | ||
#8 - Physical Therapy for your ankle - 10 visits at $150 each | ||
Total Costs |
Item Deductible Co-pay Insurance
#1 | |||
#2 | |||
#3 | |||
#4 | |||
#5 | |||
#6 | |||
#7 | |||
#8 | |||
Totals |
Wellness Individual Deductible Family Deductible
$500 $500 $1000
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill