PPO Charges. A PPO uses a discount on charge arrangement. Marie incurred total charges by a...

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PPO Charges. A PPO uses a discount on charge arrangement. Marie incurred total charges by a hospital of $32,700, and the percentage paid to the provider is 60%. Marie's contract with the PPO specifies her co-pay as 10%. How much does Marie have to pay? The amount Marie will have to pay is $ (Round to the nearest dollar.) Stop-Loss Provision. Pete's health insurance policy specifies that he should pay 30% of expenses associated with a long-term illness, and he has a stop-loss provision of $36,153 in his policy. If Pete incurs expenses of $71,800, how much would he owe? Pete would owe $ (Round to the nearest dollar.) Disability Insurance. Christine's total monthly expenses typically amount to $2,100. About $95 of these expenses are work related. Christine's employer provides disability insurance coverage of $623 per month. How much individual disability insurance should Christine purchase? (Hint: Christine does not want to rely on Social Security or worker's compensation coverage.) (Round to the The amount of individual disability insurance Christine should purchase is $ nearest dollar.) (4) Amount of Insurance Needed. Marty and Mary have jobs and contribute to the household expenses according to their income. Marty contributes 75% of the expenses and Mary contributes 25%. Currently, their household expenses are $21,600 annually. Marty and Mary have three children. The youngest child is 12, so they would like to ensure that they could maintain their current standard of living for at least the next eight years. They feel that the insurance proceeds could be invested at 5%. In addition to covering the annual expenses, they would like to make sure that each of their children has $18,538 available for college. If Marty were to die, Mary would go back to school part-time to upgrade her training as a nurse. This would cost $13,565. They have a mortgage on their home with a balance of $51,059. How much life insurance should they purchase for Mary? The amount of life insurance they should purchase for Mary is $ nearest dollar.) (Round to the 5, Amount of Insurance Needed. Marty and Mary have jobs and contribute to the household expenses according to their income. Marty contributes 75% of the expenses and Mary contributes 25%. Currently, their household expenses are $23,900 annually. Marty and Mary have three children. The youngest child is 12, so they would like to ensure that they could maintain their current standard of living for at least the next eight years. They feel that the insurance proceeds could be invested at 5%. In addition to covering the annual expenses, they would like to make sure that each of their children has $35,000 available for college. If Marty were to die, Mary would go back to school part-time to upgrade her training as a nurse. This would cost $30,000. They have a mortgage on their home with a balance of $78,147. How much life insurance should they purchase for Marty? The amount of life insurance they should purchase for Marty is $ nearest dollar.) (Round to the 6 Income Method. Nancy is a widow with two teenage children. Nancy's gross income is $3,500 per month, and taxes take about 25% of her income. Using the income method, Nancy calculates she will need to purchase about eight times her disposable income in life insurance to meet her needs. How much insurance should Nancy purchase? The amount of insurance Nancy should purchase is $ (Round to the nearest dollar.) PPO Charges. A PPO uses a discount on charge arrangement. Marie incurred total charges by a hospital of $32,700, and the percentage paid to the provider is 60%. Marie's contract with the PPO specifies her co-pay as 10%. How much does Marie have to pay? The amount Marie will have to pay is $ (Round to the nearest dollar.) Stop-Loss Provision. Pete's health insurance policy specifies that he should pay 30% of expenses associated with a long-term illness, and he has a stop-loss provision of $36,153 in his policy. If Pete incurs expenses of $71,800, how much would he owe? Pete would owe $ (Round to the nearest dollar.) Disability Insurance. Christine's total monthly expenses typically amount to $2,100. About $95 of these expenses are work related. Christine's employer provides disability insurance coverage of $623 per month. How much individual disability insurance should Christine purchase? (Hint: Christine does not want to rely on Social Security or worker's compensation coverage.) (Round to the The amount of individual disability insurance Christine should purchase is $ nearest dollar.) (4) Amount of Insurance Needed. Marty and Mary have jobs and contribute to the household expenses according to their income. Marty contributes 75% of the expenses and Mary contributes 25%. Currently, their household expenses are $21,600 annually. Marty and Mary have three children. The youngest child is 12, so they would like to ensure that they could maintain their current standard of living for at least the next eight years. They feel that the insurance proceeds could be invested at 5%. In addition to covering the annual expenses, they would like to make sure that each of their children has $18,538 available for college. If Marty were to die, Mary would go back to school part-time to upgrade her training as a nurse. This would cost $13,565. They have a mortgage on their home with a balance of $51,059. How much life insurance should they purchase for Mary? The amount of life insurance they should purchase for Mary is $ nearest dollar.) (Round to the 5, Amount of Insurance Needed. Marty and Mary have jobs and contribute to the household expenses according to their income. Marty contributes 75% of the expenses and Mary contributes 25%. Currently, their household expenses are $23,900 annually. Marty and Mary have three children. The youngest child is 12, so they would like to ensure that they could maintain their current standard of living for at least the next eight years. They feel that the insurance proceeds could be invested at 5%. In addition to covering the annual expenses, they would like to make sure that each of their children has $35,000 available for college. If Marty were to die, Mary would go back to school part-time to upgrade her training as a nurse. This would cost $30,000. They have a mortgage on their home with a balance of $78,147. How much life insurance should they purchase for Marty? The amount of life insurance they should purchase for Marty is $ nearest dollar.) (Round to the 6 Income Method. Nancy is a widow with two teenage children. Nancy's gross income is $3,500 per month, and taxes take about 25% of her income. Using the income method, Nancy calculates she will need to purchase about eight times her disposable income in life insurance to meet her needs. How much insurance should Nancy purchase? The amount of insurance Nancy should purchase is $ (Round to the nearest dollar.)

Answer rating: 100% (QA)

1 Total charges 32700 PPO discount percentage 60 Discount ... View the full answer