How much is Jane’s deductible? What percentage of the bill does Jane’s health care plan pay once co-insurance begins? What percentage of the bill does Jane pay once co-insurance begins? How much is Jane’s out-of-pocket limit? How much does Jane pay after she reaches her out-of-pocket limit? January 1Beginning of CoveragePeriodJane pays Her plan pays100%0%Jane hasn't reached her$1,500 deductible yetHer plan doesn't pay any of the costs.Office visit costs: $125Jane pays: $125Her plan pays: $0morecostsBCEFOJane pays20%Her plan pays80%Jane reaches her $1,500deductible, co-insurance beginsJane has seen a doctor several times andpaid $1,500 in total. Her plan pays someof the costs for her next visit.Office visit costs: $75Jane pays: 20% of $75 = $15Her plan pays: 80% of $75 = $60morecostsBCOFODecember 37End of Coverage PeriodHer plan pays100%Jane pays0%Jane reaches her $5,000out-of-pocket limitJane has seen the doctor often and paid$5,000 in total. Her plan pays the fullcost of her covered health care servicesfor the rest of the year.Office visit costs: $200Jane pays: $0Her plan pays: $200

When Jane hasn't reach her deductible, then:- Office costs= $125 Jane pays= $125 Her plans pays= $0…

Answered: How much is Jane’s deductible? What…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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How much is Jane’s deductible?
What percentage of the bill does Jane’s health care plan pay once co-insurance begins?
What percentage of the bill does Jane pay once co-insurance begins?
How much is Jane’s out-of-pocket limit?
How much does Jane pay after she reaches her out-of-pocket limit?

January 1
Beginning of Coverage
Period
Jane pays Her plan pays
100%
0%
Jane hasn't reached her
$1,500 deductible yet
Her plan doesn't pay any of the costs.
Office visit costs: $125
Jane pays: $125
Her plan pays: $0
more
costs
B
CE
FO
Jane pays
20%
Her plan pays
80%
Jane reaches her $1,500
deductible, co-insurance begins
Jane has seen a doctor several times and
paid $1,500 in total. Her plan pays some
of the costs for her next visit.
Office visit costs: $75
Jane pays: 20% of $75 = $15
Her plan pays: 80% of $75 = $60
more
costs
B
CO
FO
December 37
End of Coverage Period
Her plan pays
100%
Jane pays
0%
Jane reaches her $5,000
out-of-pocket limit
Jane has seen the doctor often and paid
$5,000 in total. Her plan pays the full
cost of her covered health care services
for the rest of the year.
Office visit costs: $200
Jane pays: $0
Her plan pays: $200

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