Question: please do only 3 and 4 please do only 3 and 4 and show your work Assignment 6.2 The Appendectomy SHOW YOUR CALCULATIONS In March
please do only 3 and 4Assignment 6.2 The Appendectomy SHOW YOUR CALCULATIONS In March you have an emergency surgery. You need to figure out your share of the total medical ex- penses. Your annual health insurance premium costs you $450. Your insurance policy has a $500 annual deductible after which it pays 80% of the charges. Your maximum annual co-payment is $1,000. The total bill for surgery was $7,500 (hospital bill of $6,500 plus doctor bill of $1,000). 1. What is your maximum possible out-of-pocket cost per year? 2. What is your portion of the surgery costs and how much will the insurance company pay? This is not your year. It is now June of the same year. Just after recovering from the surgery you are rushed to the hospital with a massive blood clot in your leg. The total bill this time comes to $4,000. All costs associated with treatment of the blood clot are covered under your health insurance policy. 3. How much of this $4,000 bill will you need to pay? 4. Had the blood clot problem occurred in February of the next calendar year, how much of the bill would you have had to pay
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
