How much will sabiq have to pay

Assignment Help Finance Basics
Reference no: EM132068188

Question: Read the following scenario and then use the York University (YUFA) Supplemental Insurance Policy posted in Moodle to answer the questions that follow. Sabiq, a faculty member at York, had a serious accident while mountain biking und has been unable to work for the last 9 months. He's needed significant healthcare to help him recover from his injuries. It's now the end of the year (2016) and he w ants to calculate his benefit reimbursements. He has an annual salary of $120,000 and disposable income of $6,000 monthly. Below is a list of all his expenses:

Physiotherapy: $7, 200

Prescription drugs: $925

Qualified nursing care assistant $25,000

A cast/split for his leg: $1, 600

Osteopath: $4,000

Massage: $400

Acupuncture: $750

a. How much will Sabiq have to pay towards his deductible before any other health expenses are paid? Assume he is single with no dependents.

b. Ignoring the deductible, how much of Sabiq's health care expenses will be covered by his insurance?

c. If the accident happened on March 31, 2016, when did his long-term disability benefits start and how much was he paid each month for the remainder of 2016? Assume he receives disability government benefits of $600 per month.

Reference no: EM132068188

Questions Cloud

Calculate zmg hospitalist practices january : Calculate ZMG Hospitalist Practice's January, February, and March Medicare net revenues if the fee for an admission is $200.
What is the tire pressure : During the process the air is compressed to 28.0% of its original volume and the temperature to 40.0 degrees celsious. What is the tire pressure?
What will the company dividend be in five years : The Reading Co. has adopted a policy of increasing the annual dividend on their common stock at a constant rate of 3.5% annually.
Mass of the quarter-circular length of radiator hose : Determine the mass of the quarter-circular length of radiator hose. The inside diameter is 40 mm, the wall thickness is 4 mm
How much will sabiq have to pay : Read the following scenario and then use the York University (YUFA) Supplemental Insurance Policy posted in Moodle to answer the questions that follow.
Major consumption decision : This assignment requires you to look at the laptop choices of 3 people, and provide your analysis on those factors leading to their decisions.
Which projects would you accept and why : Project 1 has a project beta of 2.0 and you have estimated that the project's NPV using a cost of capital of 20% equals zero.
Requires the preparation of a full project proposal : Assessment task 3 requires the preparation of a full project proposal that should contain the following components:
Calculating the project average accounting return : You're trying to determine whether or not to expand your business by building a new manufacturing plant. The plant has an installation cost of $19.0 million.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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