If your prescription drugs cost $150 and your plan calls for a $25 copayment plus 20 percent

Question:

If your prescription drugs cost $150 and your plan calls for a $25 copayment plus 20 percent coinsurance, how much will the prescription end up costing you and how much will the insurance company end up paying?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

See More Books

Question Posted: Apr 18, 2018 09:19 AM

See More Questions

Medical costs are substantial and rising. But will they be the most substantial expense over your lifetime? Not likely. Will it be housing or food? Again, not likely. The answer is taxes. On average,...
Kingley Drugstores, Inc., sells prescription drugs, over-the-counter drugs, and some groceries. The purchasing manager prepared the following inventory purchases budget. For this year, Kingley...
Elgin Drugstores, Inc. sells prescription drugs, over-the-counter drugs, and some groceries. The purchasing manager prepared the following inventory purchases budget. For this year, Elgin expects an...
Explain and justify what stage current bubble is in ?Analyze the financial markets and contribution of participants that create the bubble? Justify and explain the factors that will cause this bubble...
Kathryn has lived in her house for one year. Her company recently relocated to a city 100 miles away, forcing her to move. She purchased her house a year ago for $400,000 and sold it for $525,000,...
What do economists mean when they say that the Federal Reserve Banks are central banks, quasi-public banks, and bankers banks?
Adjusting entries are often required in accounting. Please describe the various types of adjusting entries and give at least three examples.
M. K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysts at the beginning of the year, Gallant had predicted...
Maxey & Sons manufactures two types of storage cabinets-Type A and Type Band applies manufacturing overhead to all units at the rate of $152 per machine hour. Production information follows....
Event A: Randomly select a male psychology major. Event B: Randomly select a psychology major who is 20 years old. Determine whether the events are mutually exclusive. Explain your reasoning.
You have a copay of $25 per clinic visit and a maximum out-of-pocket expense of $500. How many times can you visit the doctor this year before you no longer have to pay the copayment?
Your card has a limit of $20,000. You currently have used 90% of your credit limit. To improve your credit score, how much should you pay down on your balance?
The mode field radius of a step index fiber is measured as 4.5 m at free-space wavelength = 1.30 m. If the cutoff wavelength is specified as c = 1.20 m, find the expected mode field radius at =...
Select a business that you will use to apply social media marketing strategies. You are encouraged to use a real business or organization in order to gain practice providing these services, but you...
Estimate the mass energy-absorption coefficient (in cm 2 /g to 4 significant digits) for human body tissue exposed to 10-keV X-rays?
What is the altitude angle of the sun for someone at Houston 34 'N on the Summer solstice, which is June 21?
The planned activity level for XYZ Company for 2023 is expected to be 800,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: Variable Fixed...
What would be the exposure irradiance (mj/cm 2 ) in the beam of a laser pointer for a duration of 0.25 seconds if the laser has a power output of 10 mW and an aperture of 5 mm? Assume there is no...
How do you find the derivative of the product of two functions that are differentiable at a point? How do you find the derivative of the quotient of two functions that are differentiable at a point?
Define the term utility software and give two examples.
What is term to 100 insurance?
What are the two classifications of life insurance policies? What is a policy dividend? Under what circumstances is it paid?
Compare and contrast life insurance policy premiums.
3. It has been observed that a particular plant's growth is directly proportional to time. It measured 2 cm when it arrived at the nursery and 2.5 cm exactly one week later. If the plant continues to...
List four equivalent forms for the rational expression. x-2 x+9
You bought a Apple Watch at $3,599 with your credit card on 28 Dec 2021 and a iPad $3,399 on 2 Jan 2022. This transaction was billed in the credit statement dated on 10 Jan 2022 and the payment due...

If your prescription drugs cost $150 and your plan calls for a $25 copayment plus 20 percent

Question:

Step by Step Answer:

Your cost 25 0...View the full answer

Personal Finance Building Your Future

Students also viewed these Business questions