1. Suppose that Nathan and Mia work for the same employer, but they choose different medical...
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1. Suppose that Nathan and Mia work for the same employer, but they choose different medical plans based on their needs. Use the following examples to calculate their cost-sharing expenses (deductible, coinsurance, total out-of-pocket expenses, and percentage of expenses). Plan details Total example cost In this example, (1) Deductibles (2) Coinsurance amount (3) Total out-of-pocket (OOP) expenses (4) Percentage of OOP expenses to total costs Nathan's type 2 Diabetes (a year of routine in-network care of a well-controlled condition) Overall deductible: $1,500 Coinsurance: 10% Out-of-pocket Maximum: $5000 $8,000 Nathan would pay: Mia's Simple Fracture (in-network emergency room visit and follow-up care) Overall deductible: $3,000 Coinsurance: 15% Out-of-pocket Maximum: $6000 $2,000 Mia would pay: 1. Suppose that Nathan and Mia work for the same employer, but they choose different medical plans based on their needs. Use the following examples to calculate their cost-sharing expenses (deductible, coinsurance, total out-of-pocket expenses, and percentage of expenses). Plan details Total example cost In this example, (1) Deductibles (2) Coinsurance amount (3) Total out-of-pocket (OOP) expenses (4) Percentage of OOP expenses to total costs Nathan's type 2 Diabetes (a year of routine in-network care of a well-controlled condition) Overall deductible: $1,500 Coinsurance: 10% Out-of-pocket Maximum: $5000 $8,000 Nathan would pay: Mia's Simple Fracture (in-network emergency room visit and follow-up care) Overall deductible: $3,000 Coinsurance: 15% Out-of-pocket Maximum: $6000 $2,000 Mia would pay:
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Answer rating: 100% (QA)
For Nathan 1 Deductible Nathans deductible is 1500 Since his example cost is 8000 he would have to pay the full amount of his deductible before his in... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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