K and L BuCross BlueShield of Illinois announced two new low-cost, cost-sharing Medicare supplement plans for Illinois seniors, Plans K and L These plans aim to help individuals seeking assistance with the portion of doctor and hospital bills that Medicare does not cover, Business Wire, Inc. reports. Plans Kand Lare options for seniors seeking lower premiums for their uoplemental insurance. They provide coverage comparable to other Medicare clement products but have lower monthly premiums in exchangr for higher cost-sharing by the member. Members with Plan K pay half of the cost-sharing for covered services (such as the fist day deductible for hospital care). Members with Plan L pay 25 percent for these wrvices. Once members reach an out-of-pocket limit (54.000 for Plan K and $2.000 ke Plan L). 100 percent of their Medicare copayments and coinsurances are covered for the rest of the calendar year. - Yolanda Younes-Garcia of Decatur, IL, has decided to purchase BCBS Plan K. She has a $15 copay and 50-50 coinsurance. She has met $3,945 of her out- of-pocket expenses this year. Her physician charges $345 for an annual physical. (1) What amount will Yolanda pay? 2) What amount will Medicare pay? f Yolanda is seen for a follow-up office visit after her annual physical: 3) What amount will she pay? 4) What amount will Medicare pay?
K and L BuCross BlueShield of Illinois announced two new low-cost, cost-sharing Medicare supplement plans for Illinois seniors, Plans K and L These plans aim to help individuals seeking assistance with the portion of doctor and hospital bills that Medicare does not cover, Business Wire, Inc. reports. Plans Kand Lare options for seniors seeking lower premiums for their uoplemental insurance. They provide coverage comparable to other Medicare clement products but have lower monthly premiums in exchangr for higher cost-sharing by the member. Members with Plan K pay half of the cost-sharing for covered services (such as the fist day deductible for hospital care). Members with Plan L pay 25 percent for these wrvices. Once members reach an out-of-pocket limit (54.000 for Plan K and $2.000 ke Plan L). 100 percent of their Medicare copayments and coinsurances are covered for the rest of the calendar year. - Yolanda Younes-Garcia of Decatur, IL, has decided to purchase BCBS Plan K. She has a $15 copay and 50-50 coinsurance. She has met $3,945 of her out- of-pocket expenses this year. Her physician charges $345 for an annual physical. (1) What amount will Yolanda pay? 2) What amount will Medicare pay? f Yolanda is seen for a follow-up office visit after her annual physical: 3) What amount will she pay? 4) What amount will Medicare pay?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:K and L
BuCross BlueShield of Illinois announced two new low-cost, cost-sharing
Medicare supplement plans for Illinois seniors, Plans K and L These plans aim to
help individuals seeking assistance with the portion of doctor and hospital bills that
Medicare does not cover, Business Wire, Inc. reports.
Plans Kand Lare options for seniors seeking lower premiums for their
uoplemental insurance. They provide coverage comparable to other Medicare
clement products but have lower monthly premiums in exchangr for higher
cost-sharing by the member.
Members with Plan K pay half of the cost-sharing for covered services (such as the
fist day deductible for hospital care). Members with Plan L pay 25 percent for these
wrvices. Once members reach an out-of-pocket limit (54.000 for Plan K and $2.000
ke Plan L). 100 percent of their Medicare copayments and coinsurances are covered
for the rest of the calendar year.
- Yolanda Younes-Garcia of Decatur, IL, has decided to purchase BCBS Plan K.
She has a $15 copay and 50-50 coinsurance. She has met $3,945 of her out-
of-pocket expenses this year. Her physician charges $345 for an annual
physical.
(1) What amount will Yolanda pay?
2) What amount will Medicare pay?
f Yolanda is seen for a follow-up office visit after her annual physical:
3) What amount will she pay?
4) What amount will Medicare pay?
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