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earnstyle [38]
3 years ago
14

Latesha Moore has a choice at work between a traditional health insurance plan that pays 80 percent of the cost of doctor visits

after a​ $250 deductible and an HMO that charges a ​$10 ​co-payment per visit plus a ​$20 monthly premium deduction from her paycheck. Latesha anticipates seeing a doctor once a month for her high blood pressure. The cost of each office visit is ​$50. She normally sees the doctor an average of three times a year for other health concerns. Comment on the difference in costs between the two health care plans and the advantages and disadvantages of each.
Business
1 answer:
Lelu [443]3 years ago
6 0

Answer:

Consider the following calculation and analysis

Explanation:

We will analyse from cost perspective, the alternative with lower cost should be selected.

Total no. of doctor visit = 12 monthly visit + 3 times special visit = 15

Cost = 50 * 15 = $750

Under Traditional health checkup plan

Cost of plan = $ 250 + (20% of doctor visiting charges) = 250 + 20% of 750 = $400

Under HMO

Premium = 20 * 12 months = $240

Co payment = 10 * 15 = 150

Total = $ 390

There is a saving of $10 in HMO, so she should opt for this option. Moreover, the benefit of HMO would be the payments are monthly in small installments ,rather than a big outflow as in the case of traditonal plan.

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1 year ago
A financial advisor has heard from a relative of nr industries inc.'s ceo that the company is planning to shut down its operatio
kolezko [41]

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3 0
3 years ago
20. The consumer price index was 120 in 2013 and 126 in 2014. The nominal interest rate during this period was 8 percent. What w
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5 0
3 years ago
If the Sampson Company, a supplier of wood, understands the needs and requirements for wood for a few firms within a NAICS class
Helen [10]

Answer:

The answer is "Option c".

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When marx argued that capitalism “reproduces the class structure,” he meant that?
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3 years ago
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