Richard carries Policy 1 and was calculating his total health care costs for the year. He visited his doctor six times during the year and paid all of his premiums. What was his total annual cost?
Lorenzo is a young, healthy college student. He does not have any chronic health conditions and rarely visits the doctor. Choose the correct answers from each drop-down list to complete the sentence.
Policy 4|it has the lowest premiums
Assume a person has Policy 1 and visits their doctor four times during the year. What is the person's total annual cost?
Reuben has Policy 4 and has not visited the doctor all year. After a recent bicycle accident, he received a bill from the hospital for $10,000 How much should he expect the insurance company to pay towards the bill?
Catalina has Policy 3 and has met the annual deductible. A recent hospital stay has resulted in a $1,500 bill. How much of the bill will she have to pay out-of-pocket?
Assume a person with Policy 2 has met their deductible and had a hospital stay that resulted in a $5,000 charge. How much would they pay in coinsurance?
Joanna has Policy 1 and has not met the deductible for the year. A recent hospital visit has resulted in a $2,000 bill. How much of the bill will she have to pay out-of-pocket?
If Miranda's health insurance policy has a $1,000 deductible and 30% coinsurance, how much will she pay out-of-pocket for a $5,000 medical bill?
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