In 2010, the U.S. Congress passed the Affordable Care Act. This law requires most Americans to purchase health insurance for themselves and members of their family. The Juarez family has a health insurance plan that will reimburse them for 70% of their health care expenses after they pay a $5,200 deductible. Last year, the Juarez family had medical expenses that totaled $16,384. What is the amount paid by the Juarez family’s insurance company?Answer: Work/Explain: Please write clearly so i can read it

Answered: In 2010, the U.S. Congress passed the…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

In 2010, the U.S. Congress passed the Affordable Care Act. This law requires most Americans to purchase health insurance for themselves and members of their family.   The Juarez family has a health insurance plan that will reimburse them for 70% of their health care expenses after they pay a $5,200 deductible. Last year, the Juarez family had medical expenses that totaled $16,384. What is the amount paid by the Juarez family’s insurance company?
Answer:

Work/Explain:

Please write clearly so i can read it

Expert Solution

Step 1

The amount deductible is $5200, which is the amount that Juarez has to pay to the insurance company. The insurance company will pay 70% of the health care expenses after deductible.