Question: Latesha Moore has a choice at work between a traditional health insurance plan that pays 80 percent of the cost of doctor visits after a

 Latesha Moore has a choice at work between a traditional health

Latesha Moore has a choice at work between a traditional health insurance plan that pays 80 percent of the cost of doctor visits after a $250 deductible and an HMO that charges a $5 co-payment per visit plus a 516 monthly premium deduction from her paycheck Latesha anticipates seeing a doctor once a month for her high blood pressure. The cost of each office visit is $70. She normally sees the doctor an average of three times a year for other health concerns Comment on the difference in costs between the two health care plans and the advantages and disadvantages of each Listesho would pay an annual cut-of-pocket cost with the traditional plan of $ ) Round to the nearest dollar)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!