Mr Johnson (age 33), a technician at an internet company, currently earns a net income of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Mr Johnson (age 33), a technician at an internet company, currently earns a net income of R28 000 per month. Mr Johnson was diagnosed with epilepsy after an accident in 2021. Mr Johnson now has fixed monthly medical expenses for his condition of R1 500 for his medication. The accident left him with a debt of R37 000 because he had to pay the medical bills using his credit card. Mr Johnson has never belonged to a medical scheme but is considering joining one. He has approached you for advice. Advise Mr J's whether his pre-existing condition and the medication for his epilepsy would be covered under a medical scheme's prescribed minimum benefits (PMB). Mr Johnson (age 33), a technician at an internet company, currently earns a net income of R28 000 per month. Mr Johnson was diagnosed with epilepsy after an accident in 2021. Mr Johnson now has fixed monthly medical expenses for his condition of R1 500 for his medication. The accident left him with a debt of R37 000 because he had to pay the medical bills using his credit card. Mr Johnson has never belonged to a medical scheme but is considering joining one. He has approached you for advice. Advise Mr J's whether his pre-existing condition and the medication for his epilepsy would be covered under a medical scheme's prescribed minimum benefits (PMB).
Expert Answer:
Answer rating: 100% (QA)
Yes Mr Johnsons preexisting condition and the medication for his epilepsy would likely be covered under a medical schemes prescribed minimum benefits ... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
You have completed your first meeting with Harper and Riley Evans. You are confident that you now have most of the information you will need to prepare a comprehensive financial plan for them. Beyond...
-
Sketch the graph of the function. y = e -x/2
-
You work in the finance department of a successful, growing company. Your employer's Human Resources Handbook has one section called "Termination Without Cause" and another section called...
-
Adobe encourages PC users to download its Acrobat Reader and Flash Player free of charge. How does this eventually help Adobe strategically? If they give the application away, how does their...
-
John is considering the purchase of a lot. He can buy the lot today and expects the price to rise to $\$ 15,000$ at the end of 10 years. He believes that he should earn an investment yield of $10 \%$...
-
1. To compute the price elasticity of demand, we divide the percentage change in_______ by the percentage change in _______and then take the _______value of the ratio. 2. If a 10 percent increase in...
-
Find the Discounted Payback period for the following project. The discount rate is 8% Project X Initial Outlay $17629 Year 1 $5339 Year 2 $5436 Year 3 $5582 Year 4 $8078
-
In Part III (Appendix 11B) of the audit case, the audit staff of Adams, Barnes & Co. identified specific revenue risks on working paper RA-12 (page 494). However, the Summary of Audit Approach...
-
Viola Holloway is the division manager of the Instruments Division of Forrow Aerodynamic Company. Viola Holloway is evaluating whether to acquire a new product for the Instruments Division. The...
-
Why do you suppose that large, well-known companies such as Oracle, Starbucks, and Nextel prefer to have their shares traded on the NASDAQ rather than on one of the major listed exchanges, such as...
-
The table below gives the demand and supply schedules for sandwiches. a. What is the maximum price that consumers are willing to pay for the 200th sandwich? b. What is the minimum price that...
-
Treasury zeros pay a fixed amount at maturity. For example, a Treasury zero could be purchased on January 2, 2009, for $445.19 and might be worth $1,000 when it matures 25 years later. What is the...
-
Why would a company engage in FDI because the firms it supplies invested abroad?
-
Joanna is staring work with an annual salary of $40,000. If her salary increases by 5 percent a year, what will her salary be 40 years from now? If prices increase by 3 percent a year, how much...
-
1. (20 points) Shapiros Bakery produces two kinds of cheesecake. Relevant information for each product is shown below. Plain Cheesecake Strawberry Cheesecake Labor required 5 hours 4 hours...
-
A new car sold for $31,000. If the vehicle loses 15% of its value each year, how much will it be worth after 10 years?
-
John "Calc" Gossling is one of Canada's foremost real estate investment analysts. He works for the firm of Bouchard Wiener Securities Inc. (BWS). His job is to do research and make recommendations on...
-
Oakridge Ltd. gained control of Ventnor Ltd. by acquiring its share capital on January 1, 2009. The statement of nancial position of Ventnor at that date showed: At January 1, 2009, the recorded...
-
There is a debate about whether a company should be permitted to present its financial statements in a currency (or currencies) other than its functional currency. Some believe it should not. They...
-
Two samples of ideal gas, sample 1 and sample 2, have the same thermal energy. Sample l has twice as many atoms as sample 2. What can we say about the temperatures of the two samples? A. T>T B. T = T...
-
Christina throws a javelin into the air. As she propels it forward from rest, she does 270 J of work on it. At its highest point, its gravitational potential energy has increased by 70 J. What is the...
-
A runner is moving at a constant speed on level ground. Chemical energy in the runner's body is being transformed into other forms of energy. Most of the chemical energy is transformed into A....
Study smarter with the SolutionInn App