Question

Todd has been informed that he has a hernia which requires repair. When Todd researches the cost, he learns that his insurance plan will cover 200 points worth of surgical expenses. Each point represents $10, which means that $2000 of his surgery will be covered by his insurance plan. What system is Todd's insurance company using?

Answer 1

Answer:

Todd has been informed that he has a hernia which requires repair. When Todd researches the cost, he learns that his insurance plan will cover 200 points worth of surgical expenses. Each point represents $10, which means that $2000 of his surgery will be covered by his insurance plan. The system Todd's insurance using is:

Relative Value Health Insurance

Explanation:

• Relative Value Health Insurance is such an insurance in which cost effective treatments are provided and cost ineffective treatments are excluded. So, as a result, the customer can determine how much money he/ she wants to spend upon the treatment.