Question: Use computational and algebraic tools to quantify the total costs for each plan using last year's medical expenses as an estimate. Option 1: The Deluxe

Use computational and algebraic tools to quantify the total costs for each plan using last year's medical expenses as an estimate.


Option 1: The Deluxe Plan
(You pay . . .)

Option 2: The Basic Plan
(You pay . . .)

Co-payment for Office Visit = $$20

Co-payment for Office Visit = $$30

Prescription Drugs at 30%

Prescription Drugs at 50%

Emergency Room Visit = first $$75 plus 10% of remaining charge

Emergency Room visit = first $$75 plus 30% of remaining charge

Hospital stay or procedures at 10%

Hospital stay or procedures at 30%

Other approved expenses at 10%

Other approved expenses at 30%

Monthly premium = $$425

Monthly premium = $$150

The Bell Family's medical expenses from last year are summarized in the table below:
 

Month

The Bell Family's Medical Expenses

January

1 office visit(s) & $$105 prescription

February

1 Emergency room visit (charged $$475)

March

3 office visit(s)

July

2 office visit(s)

August

Hospital stay for surgery (hospital/doctor charged $$6,500) and $$120 prescription

September

3 office visit(s)

 

Including premiums and payments outlined above, what would have been the Bell's total medical costs for the year using Option 1: The Deluxe Plan?

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