What amounts will the insurer pay of sandy medical bills

Assignment Help Finance Basics
Reference no: EM132381272

Sandy's comprehensive major medical policy has a $100 annual deductible and 20% coinsurance with a stop-loss when out-of-pocket costs reach $4,000. Sandy incurred medical bills of $600 for tests for an injury and then $12,000 for an illness. What amounts will the insurer pay of Sandy's medical bills?

Reference no: EM132381272

Questions Cloud

What is the financial break-even point : Fixed assets are depreciated using straight-line depreciation over the project's life. What is the financial break-even point?
How many units must be sold to earn operating income : Compute the new operating income if sales are 10% higher than expected. How many units must be sold to earn operating income of $187,800?
Estimated cash inflows and cash outflows : The present value of all other estimated cash inflows and cash outflows which are related to this project is $20,000. Should the investment be undertaken?
Years old and is saving for retirement : Terry Austin is 30 years old and is saving for her retirement. She is planning on making 36 contributions to her retirement account at the beginning
What amounts will the insurer pay of sandy medical bills : Sandy incurred medical bills of $600 for tests for an injury and then $12,000 for an illness. What amounts will the insurer pay of Sandy's medical bills?
Down payment on future house : How much money must you deposit today if your credit union pays 5% interest compounded annually? Pick the closest answer.
Payments come at the beginning of each period : What is the future value of a 15-year annuity of $1,800 per period where payments come at the beginning of each period? The interest rate is 12 percent.
How much do you need to have in your bank : If the account pays .5 percent interest per quarter, how much do you need to have in your bank account today to meet your expenses needs over the next four year
What is the expected return on a portfolio : A stock has a beta of 1.10 and an expected return of 12 percent. A risk-free asset currently earns 2.6 percent.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the expected portfolio return for the mvp portfolio

What is the expected portfolio return for the MVP portfolio and what is the portfolio standard deviation for the MVP portfolio?

  Updating individual and team development plans

What is the importance of developing, regularly reviewing and updating individual and team development plans?

  What is the amount of interest

What is the amount of interest/earned on $4000 deposited in a savings account with 4% interest compounded annually after 4 years?

  Federal income tax deduction per year for depreciation

Imagine that you buy a house as a rental property. The cost of buying the house was $350,000, of which $75,000 is the value of the land. Approximately how much can be used as a federal income tax deduction per year for depreciation?

  Give two examples of an industry or business that has

give two examples of an industry or business that has experienced some form of disintermediation regarding the way that

  Employee paychecks must be issued in five days

Taxes are due in three days and employee paychecks must be issued in five days. There is not enough money to cover both expenses. What do you do?

  Calculate the projected net income

Goran Blomberg is interested in investing in a new rooms-only lodging property. He needs some financial projections for the proposed operations.

  Various methods available to take advantage

Because of inflationary expectations, you expect natural resource stocks, such as mining com- panies and oil firms, to perform well over the next three to six months. As an active portfolio manager, describe the various methods available to take a..

  What is the amount of the first interest payment

Amount issued $420 million Offered Issued at a price of 102.00% plus accrued interest (proceeds to company 101.790%) through First Boston Corporation.

  How much should you be willing to pay for this stock

If growth is then expected to level off at 8 percent, and if you require a 14 percent rate of return, how much should you be willing to pay for this stock?

  Motives behind corporate restructuring

Discuss the motives behind corporate restructuring and evaluate the methods by which mergers and takeovers may take place.

  Define outstanding between the bank and the counterparty

A bank enters into an interest rate swap with a nonfinancial counterparty using bilaterally clearing where it is paying a fixed rate of 3% and receiving LIBOR.

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