Christinas expenses were paid by her insurance policy

Assignment Help Financial Management
Reference no: EM13875389

Christina Haley of San Marcos, Texas, age 61, recently suffered a severe stroke. She was in intensive care for 12 days and was hospitalized for 18 more days. After being discharged from the hospital, she spent 45 days in a nursing home for medically necessary nursing and rehabilitative care. Christina had a comprehensive health insurance plan through her employer. The policy had a $1000 deductible, a $50,000 episode limit, and a $250,000 annual limit with an 80/20 coinsurance clause with a $2000 coinsurance cap. Christina's policy covered the medically necessary services performed in a nursing home setting. Her total bill was $125,765.

(Hint: to answer this question we use very simple math. Think about the question and review the chapter, you may not need all of the information to answer the question)

(a) How much of Christina's expenses were paid by her insurance policy?

 

(b) How much did Christina pay?

Reference no: EM13875389

Questions Cloud

From the ledger accounts prepared for p15-16 : From the ledger accounts prepared for P15-16 and P15-17, prepare a trial balance. Extend the trial balance to an eight column work sheet like that shown in Table 15-16
Lessons for anyone trying to break into a foreign market : What other occasions in other countries could foreign markets start cashing in on? What are the lessons for anyone trying to break into a foreign market
What will the total cost of the television be : Suppose you purchase a plasma screen television for $1100.00 with a First Premier credit card that has 79.9% APR. Assuming simple interest and no monthly payments, how much interest will you owe at the end of 12 months? What will the total cost of th..
One root in the interval : The equation sin x + cos x=0 has at least one root in the interval
Christinas expenses were paid by her insurance policy : Christina Haley of San Marcos, Texas, age 61, recently suffered a severe stroke. She was in intensive care for 12 days and was hospitalized for 18 more days. How much of Christina's expenses were paid by her insurance policy? How much did Christina p..
Prepare an income statement for january : Calculate the current ratio at January 31 and indicate whether PRS has met its loan covenant that requires a minimum current ratio of 1.2. Prepare adjusting journal entries on 1/ 31, using the following information. Prepare an income statement for Ja..
Dr. delapa took an inventory of the dental : Dr. DeLapa took an inventory of the dental supplies purchased in transaction The inventory totaled  the remainder having been consumed in providing dental care.
Ethics officer bring real value to an organization : Does the role of an ethics officer bring real value to an organization,
Description of the company and its products and services : Part one will be a narrative of 5 pages, miminum single-spaced, consisting of: a short description of the company and its products/services, and an account of the campaign(s) you have found that organization is using

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd