Medical expenses was paid by insurance policy

Assignment Help Financial Management

Reference no: EM131968340

Health Care Event Protection. Christina Haley of San Marcos, Texas, age 57, recently suffered a stroke. She was in intensive care for 3 days and was hospitalized for 10 more days. Her total bill for this care was $125,500. After being discharged from the hospital, she spent 25 days in a nursing home at a cost of $170 per day. Christina, who earns $4,500 per month, missed two months of work. Christina had a health insurance plan through her employer. The policy had a $1000 deductible and an 80/20 coinsurance clause with a $2000 coinsurance cap. She had also accumulated 21 sick days (equivalent to one month) at work. Otherwise she had no long-term care or disability income insurance.

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

(b) What did Christina have to pay for her nursing home care?

Reference no: EM131968340

Questions Cloud

Long run equilibrium of a monopolistically : What are the differences between the long run equilibrium of a perfectly competitive firm and the long run equilibrium of a monopolistically competitive firm?

Discuss role of a marketing executive in a hypothetical firm : Place yourself in the role of a marketing executive in a hypothetical firm who is launching a new product that needs to be marketed.

How you would physically arrange your classroom : Create a literate environment in your classroom to support the literacy needs of the students in the 2nd grade Clearly identify.

Asymmetric information-adverse selection and moral hazards : How should we deal with problems such as Asymmetric Information, Adverse Selection and Moral Hazards?

Medical expenses was paid by insurance policy : What did Christina have to pay for her nursing home care? How much income did Christina lose?

Where are there breaches of ethical behavior : HOw could each ethical theory you cite help people think about what constitutes virtuous or ethical behavior?

Create oral presentation of your strategic plan : Create a 5-7 minute oral presentation of your strategic plan for your manager or director or other essential stakeholders whose approval you would require.

Monopolistically competitive equilibrium : Draw a graph showing a firm in long run monopolistically competitive equilibrium.

Evaluate the portrayal of a mental illness in a popular film : Evaluate the portrayal of a mental illness in a popular film. Your paper must include the following: a brief description of the character with the disorder.

User Account

All Pages