Consider a relatively simple healu insurance plan with the following provisions. Office visits require a co-payment of
$25. Emergency room visits have a $300 co-payment.
Surgical operations have a $1,300 deductible (the first
$1,300 is paid out of post). The monthly premium is
$390. During a one-year period, somebody insured by this
health insurance has the expenses shown to the right.
Complete parts (a) and (b) below.
Expenses
Feb. 18. Office visit
Mar 26: Emergency room
Apr. 23: Office visit
May 14 Surgery
July 1: Office visit
Sept. 23. Emergency room
Total Cost
$175
$650
$175
$8,000
$175
$840
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a. Determine the person's health care expenses for the year with the insurance policy
The person's health care expenses with the insurance policy are $
(Type a whole number.)
b. Determine the person's health care expenses for the year without the insurance policy.
The person's health care expenses without the insurance policy are $
(Type a whole number)