With a certain medical insurance policy, the customer must first pay an annual $350 deductible, and then the policy covers 70% of the cost of x-rays. The first insurance claims for a specific yea submitted by a person are for two x-rays. The first x-ray cost $600, and the second x-ray cost $900. How much, in total, will he need to pay for these x-rays? He will be responsible for $
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- How can insurance companies offer a guarantee to pay for certain medical expenses? How do they determine the appropriate premium to charge?Identify how different people and demographics have been affected by telehealth? Has the impact been proportional?Ruth Lockwood earns $2,917 a month as a supervisor for Acme Steel. Her group medical coverage costs $3,120 per year. The company pays 75% of the cost of group insurance. How much is deducted each month from her paycheck for medical insurance?
- Is Healthcare like any other commodityWhich method would you use to evaluate a new medication based only on the cost? Cost effectiveness analysis, cost utility analysis or a cost benefit analysis and why? How can you perform an economic review?Alex contributes 23% of the total cost of her individual health care coverage. She pays $52 bi-weekly towards this contribution. What is the amount Alex's employer contributes for health care coverage for the year?
- David Herbert earns $2,475 a month as a security guard for Baldwin Enterprises. His group medical insurance costs $3,300 a year. The company pays 80% of the cost of group insurance. How much is deducted each month from his paycheck for medical insurance?Why do you think the cost varies based on a person’s insurance status?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?