james smith had a wife and 8 year old daughter. his wife is a self employed interior designer and is covered under his company's insurance plan. answer the questions based on the insurance options represented in the table.

How much money would be deducted from Steve’s pay annually if he chooses Plan B?

$300 x 12 months = $3,600

Steve has Plan A health insurance and has met $400 of his deductible. He broke his arm and is charged for one emergency room visit and one office visit. The total bill for his visits, x-ray and treatment is $1425.

Total = $1425 ($490 - insurance + $935 - Steve)

Deductible = $1,000 - $400 = $600

Copayment = $25/visit x 2 = $50

Co-Insurance = $1,425 x 0.2 (20%) = $285

How much of the cost must Steve pay out of pocket? $935

How much will his insurance company pay? $490

Two months later and during the same year, Steve has a colonoscopy. The total cost is $960. How much will Steve need to pay?

Total = $960

Deductible = $0 - Already met

Copayment = $25/visit = $25

Co-Insurance = $960 x 0.2 (20%) = $192

Steve Pays: $25 + $192 = $217

In 2008, Steve and his family had a total of $3000 each in medical expenses. Approximately how much would each plan cost Steve if each member of his family (including Steve) had five (5) office visits during the year?

Plan A:

Monthly premium: $200 x 12 months = $2,400

Deductible: $1,000 x 3 people = $3,000

Co-Payment: $25/visit x 3 people x 5 visits each = $375

Co-Insurance: $9,000 (previous expenses per person) x 0.2 (20%) = $1,800

TOTAL: $7,575

Plan B:

Monthly premium: $300 x 12 months = $3,600

Deductible: $500 x 3 people = $1,500

Co-Payment: $10/visit x 3 people x 5 visits each = $150

Co-Insurance: $9,000 (previous expenses per person) x 0.1 (10%) = $900

TOTAL: $6,150

Plan C:

Monthly premium: $500 x 12 months = 6,000

Deductible: $0

Co-Payment: $0

Co-Insurance: $0

TOTAL: $7,575

Steve has Plan B. His daughter is hit in the nose by a soft ball during recess at school. The emergency room visit and outpatient surgery to repair her nose costs a total of $1300. If none of his daughter’s deductible has been met and the school agrees to pay for all expenses not covered by insurance, how much will the school end up paying?

Total = $1,300

Deductible = $500

Total after Deductible = 800

Copayment = $10/visit = $10

Co-Insurance = $800x 0.1 (10%)

Steve Owes: $590 - This is what the school is willing to pay

it's false.

"every person has their limitations which prevent us from accomplishing something. some are better than mathematics for example and some are worse. those people who are worse might never be able to become mathematicians, but that does not mean that they would not be great at doing something else."

answer; i believe the answer is moderate level;