Health care coverage amounts

Assignment Help Financial Management
Reference no: EM131994147

Health Care Coverage Amounts

Michael Howitt of Berkley, Michigan, recently had his gallbladder removed. His total bill for this surgery, which was his only health care expense for the year, came to $13,860. His health insurance plan has a $500 annual deductible and an 80/20 coinsurance provision. The cap on Michael's coinsurance share is $1,960. Round your answers to the nearest dollar.

How much of the bill will Michael pay? $  

How much of the bill will be paid by Michael's insurance? $

Reference no: EM131994147

Questions Cloud

Reduce the net deposit drain on the institution : Three (3) areas of risk on both sides of the Balance Sheet and how these risks could reduce the Net Deposit Drain on the institution.
Make purchasing decisions for seasonal fashions : Imagine that you are the team leader of a group of buyers who are about to make purchasing decisions for seasonal fashions
Discuss various types of validity for selections instruments : In your own words, what is the difference between disparate impact and disparate treatment? Explain how they are similar and different and give an example.
What single factor do you think is the most influential : List of all the factors that influence how workers' pay is determined. What single factor do you think is the most influential
Health care coverage amounts : Michael Howitt of Berkley, Michigan, recently had his gallbladder removed. The cap on Michael's coinsurance share is $1,960.
Which budgeting method is generally better : Which budgeting method is generally better? Top-down budgeting, bottom-up budgeting, or activity-based costing? and why?
Evaluate the critical organizational design variables : Evaluate the critical organizational design variables that you would want to consider if you were heading up such a project.
Develop a comprehensive strategy for training new employees : Develop a comprehensive strategy for training new employees. Focusing on the role of the new employees within the organization.
What is the expected profit of granting credit : What is the expected profit of granting credit? What is the break-even probability of collection?

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