Ross and Rachel are married and have two children. They are covered by a comprehensive medical and major medical policy with a $200 embedded deductible per person, an 80/20 coinsurance provision, and an annual out-of-pocket family limit of $3,000. Ross dislocated his shoulder in November and needed surgery to fix the injury, which cost $35,000. Ross, Rachel, and each of the children had an annual physical exam earlier in January, which cost $250 each. Aside from these expenses, there were no other health care costs incurred by the family this year. How much will Ross have to pay out of pocket to cover the costs of his surgery? a. $0 b. $2,160 c. $2,750

Ross and Rachel are married and have two children. They are covered by a comprehensive medical and major medical policy with a $200 embedded deductible per person, an 80/20 coinsurance provision, and an annual out-of-pocket family limit of $3,000. Ross dislocated his shoulder in November and needed surgery to fix the injury, which cost $35,000. Ross, Rachel, and each of the children had an annual physical exam earlier in January, which cost $250 each. Aside from these expenses, there were no other health care costs incurred by the family this year. How much will Ross have to pay out of pocket to cover the costs of his surgery? a. $0 b. $2,160 c. $2,750

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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