Health Care Event ProtectionChristina Haley of Elko, Nevada, age 57, recently suffered a stroke. She was in intensive care for 3 days and was hospitalized for 10 more days. Her total bill for this care was $126,000. Afterbeing discharged from the hospital, she spent 25 days in a nursing home at a cost of $240 per day. Christina, who earns $4,500 per month, missed two months of work. Christina had a healthinsurance plan through her employer. The policy had a $1,000 deductible and an 80/20 coinsurance clause with a $2,000 coinsurance cap. She had also accumulated 21 sick days (equivalent toone month) at work. Otherwise she had no long-term care or disability income insurance. Round your answers to the nearest dollar.a. How much of Christina's direct medical expenses was paid by her insurance policy?$b. What did Christina have to pay for her nursing home care?$c. How much income did Christina lose?$

Insurance refers to the risk protection plans that the company provides in exchange for some amount…

Answered: Health Care Event Protection Christina…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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