Question: Georges has basic coverage and supplementary major medical with a $100 deductible, 20 percent co-insurance, and a $1,500 stop loss on co-insurance payments. (a)(6%) How
Georges has basic coverage and supplementary major medical with a $100 deductible, 20 percent co-insurance, and a $1,500 stop loss on co-insurance payments.
(a)(6%) How much will the major medical coverage pay if Georges incurs $1,000 in expenses during the year that are not covered by basic cover age but that are eligible for major medical?
(b)(9%) If he incurs $8,000 in eligible expenses?
(c)(10%) At what level of eligible expenses will major medical coverage begin to pay
100% of additional expenses.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
