Find the payment of insurance policy

Assignment Help Finance Basics
Reference no: EM1344647

Christina Haley of San Marcos, Texas, age 61, recently suffered a severe stroke. She was in intensive care for 12 days and was hospitalized for 18 more days. After being discharged from the hospital, she spent 45 days in a nursing home for medically necessary nursing and rehabilitative care. Christina had a comprehensive health insurance plan through her employer. The policy had a $1000 deductible, a $50,000 episode limit, and a $250,000 annual limit with an 80/20 coinsurance clause with a $2000 coinsurance cap. Christina's policy covered the medically necessary services performed in a nursing home setting. Her total bill was $125,765.

(a) How much of Christina's expenses were paid by her insurance policy?
(b) How much did Christina pay?

 

Reference no: EM1344647

Questions Cloud

Find out the moment of inertia of the pulley : You're in an airplane that flies horizontally with speed 1000 km/h (280m/s) when an engine falls off. Neglect air resistance suppose it takes 30s for the engine to hit the ground.
What is the present value of this annuity : Explain what stated rate will BankSouth have to offer to make its semiannual-compounding CD and what is the present value of this annuity if the opportunity cost rate is 10 percent annually?
Find out the maximum rotational energy of the flywheel : How many liters of gasoline would give the same mechanical energy given that each liter provides 8.50x10^6 J of mechanical energy.
Securities business : How may an online securities company (ETrade, Schwab, etc.) differentiate themselves in market? What are the opportunities for future growth? Please give a detailed response.
Find the payment of insurance policy : Christina Haley of San Marcos, Texas, age 61, recently suffered a severe stroke. She was in intensive care for twelve days and was hospitalized for 18 more days.
Tools or tactics used by risk assessment team : In your new position at XYZ Corporation, you have been asked to lead risk assessment team. How can you bring everyone to agreement an what are there any tools or tactics you might use to help?
Elucidate only the effect of recession on the country : elucidate only the effect of recession on the country. Due to floods a country suffered from recession but gradual triggered growth in the manufacturing sector in the following years.
Money market-capital market : Compare and contrast the characteristics features of the securities of money market with those of the capital market.
Find out the fractional reduce in the rods length : A thin rod consists of two parts joined together. One third of it is silver and two-thirds is gold. The temperature decreases by 24C°.

Reviews

Write a Review

Finance Basics Questions & Answers

  What are the factor might help to improve the capm

DESCRIBE how you have arrived at the calculations AND provide a summary table of them

  Program management-acquisition and evaluation

Define Program Management (within the DoD) and list three traits of an effective program manager. What are Acquisition Categories (ACATs) and why is the Milestone Decision Authority (MDA) important?

  Securities markets-start-up financing

What agencies regulate securities markets? How are start-up firms usually financed? Differentiate between a private placement and a public offering.

  Calculation of expected return on investment

Calculation of expected return on investment and what is your expected starting salary as well as the standard deviation of that starting salary

  Description of dividend discount model

Hanebury Manufacturing Company has preferred stock outstanding with par value of $50. The stock pays a quarterly dividend of $1.25 and has a current price of $71.43. Find out the nominal rate of return on preferred stock?

  Expected return on a portfolio

Determine the expected return on a portfolio? How can the expected return on a portfolio be manipulated to minimize the risk on that portfolio?

  Computation of present value of share

Computation of present value of share while the company pledges to maintain a constant growth rate in dividends forever

  Treasury bonds and current yield

A treasury bond is quoted at a price of 106:23 with a 3.50 percent coupon. The bond pays interest semi-annually. Find out the current yield on one of these bonds?

  Calculate the break-even point in units

Cordoba Plc has the selling value of £25 per unit, direct material cost of £10/unit, direct labour cost £6/unit and variable overheads of £4 per unit.

  Question on present value of future cash flows

Rusty Steele will receive the following payments at the end of the next 3 years: $4,000, $7,000 and $9,000. Find out the present value of all future benefits?

  Applications of basic tvm concepts

Jean Splicing will receive $50,000 in 50 years or $2,000 today. If long-term rates are 7 percent, what choice would you recommend? Find out the current value of the future payments

  Important information about computing loan amount

Assume you're a loan officer for bank. A start-up company has qualified for a loan. You are pondering various proposals for repayment:

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