Max, age 28, is insured under an individual medical expense policy that is part of a preferred
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Outpatient X-rays and diagnostic tests................................................ $800
Covered charges in the surgical center ................................................ $12,000
Surgeon's fee.............................................................................. $3,000
Outpatient prescription drugs............................................................ $400
Physical therapy expenses ............................................................... $1,200
In addition, Max could not work for 2 weeks and lost $2,000 in earnings.
a. Based on the given information, how much of the expenses will be paid by the insurance company?
b. How much of the expenses will Max have to pay? Explain your answer.
c. Assume that a surgeon who is not in the PPO network actually performed the surgery. Will Mark's policy cover this fee? Explain your answer.
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Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0134082578
13th edition
Authors: George E. Rejda, Michael McNamara
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