Find portion of bill to be covered by insurance provider

Assignment Help Finance Basics
Reference no: EM13333559

Henry visited the doctor's office last week because of a persistent cough and difficulty breathing. The bill has arrived and Henry can see that he was charged by his physician for the visit as well as radiology for an x-ray of his lungs and the laboratory for tests on his blood sample. The combined fees billed for the visit, the x-ray, and the lab tests is $475. With previous health care visits this year, Henry has already met his annual deductible of $200 and has accumulated $700 toward his co-insurance cap in previous bills he has paid.

Use the following information to calculate the portion of the bill to be covered by Henry's insurance provider.

• annual deductible $200 (previously met)

• co-insurance split 80/20 (insurance 80%/Henry 20%)

• co-insurance cap $1,000 (before this visit, Henry had paid $700 in co-insurance so far this year)

Reference no: EM13333559

Questions Cloud

Calculate the marginal propensity to consume after the chang : 20 years ago the average savings rate was 20 percent of disposableincome. It is predicted that this would drop to 5 percent in lessthan five years
Find what is the tatal amount of cash paid a bond seller : 1. What bond feature permits a bond to be paid off early 2. When buying from a dealer, what price do you pay 3. what is the tatal amount of cash paid a bond seller by a buyer called 4. How is flotation costs handed in project cash flows
How fast is dan going as his feet hit the ground : Dan is gliding on his skateboard at 4.00m/s . He suddenly jumps backward off the skateboard, kicking the skateboard forward at 6.00m/s, How fast is Dan going as his feet hit the ground
How would the aggregate supply curve be affected : How would the aggregate supply curve be affected if the government mandated that all companies of over 50 employees must provide an increased level of health care benefits?
Find portion of bill to be covered by insurance provider : The bill has arrived and Henry can see that he was charged by his physician for the visit as well as radiology for an x-ray of his lungs and the laboratory for tests on his blood sample.
What is the cue balls final velocity : A cue ball m1 = 0.39 kg is shot at another billiards ball m2 = 0.59 kg which is at rest. The cue ball has an initial velocity of v =9.5 m/s. What is the cue balls final velocity in m/s
Calculate the density of the nucleus of an atom : The nucleus of an atom can be modeled as several protons and neutrons closely packed together. Each particle has a mass of 1.67 10-27 kg, Estimate the density of the nucleus of an atom
In which year did a newly hired professor earn more in real : Which professor is better off. The starting  salary  for a new assistant economics professor was 15000 in 1976 and 80 000in 2005. The value of the CPI for 2005 was 195.3 compared to 56.9 in 1976. In which year did a newly hired professor earn more in..

Reviews

Write a Review

 

Finance Basics Questions & Answers

  In what ways is it similar to common stock

In what ways is preferred stock similar to long-term debt? In what ways is it similar to common stock?

  Question on compute the future value

Evaluate the future value of $1000 continuously compounded for:

  Markets a least semi strong

You do a study and find out that on average stock prices for firms decrease 3 percent evfor every 5 percent decrease in inside ownership.

  Whta is the future value of all the cash flows

Whta is the future value of all the cash flows if the appropriate discount rate is 8.3%?

  What is peterson ebitda coverage ratio

It has $0.6 billion in lease payments and $0.3 billion must go towards principal payments on outstanding loans and long-term debt. What is Peterson's EBITDA coverage ratio?

  How long is sharam average collection period

If its average age of inventory is 52 days, how long is its average collection period? If its average payment period is 38 days, what is its cash conversion cycle? How long is Sharam's average collection period?

  What is the relationship between data and variables

What are data. What is the relationship between data and variables. What have you learned this week about coding data for collection and reporting purposes.

  Computation of probability of payment

Computation of probability of payment and determine the probability of payment that would make Rockwell indifferent between granting credit and the present policy

  Identification of capital and revenue expenditure

Identification of capital and revenue expenditure and A new machine was accidently damaged during installation

  Which plan will generate the higher eps

A detailed financial analysis of the firm's prospects suggests that the long term EBIT will be above $315,000 annually. Taking this into consideration, which plan will generate the higher EPS?

  Time series analysis of revenues

Find out a company at that your organization might consider a competitor. Show the time series for revenues over as many years as you can find. Based on this time series, how is the company doing?

  Global conglomerate corporation income statement for 2012

Global Conglomerate Corporation Income Statement for 2012 and 2011 Income Statement Year Ended December 31 (in $ million),2012 2011Total sales 186.7 176.1Cost of sales (153.4) (147.3)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd