Reference no: EM131615575

Consider a relatively simple health insurance plan with the following provisions. Office visits require a?co-payment of ?$20.Emergency room visits have a ?$270 ?co-payment. Surgical operations have a ?$1,000 deductible? (the first ?$1,000is paid out of? pocket). The monthly premium is ?$370. During a? one-year period, somebody insured by this health insurance has the expenses shown to the right. Complete parts?(a) and? (b) below.

Expenses Total Cost

Feb. 18 Office Visit $150

Mar. 26 Emergency Visit $580

Apr. 23 Office Visit $150

May 14 Surgery $6,500

July. 1 Office Visit $150

Sept. 23 Emergency Room $840

a. Determine the? person's health care expenses for the year with the insurance policy.

b. Determine the? person's health care expenses for the year without the insurance policy.