Exam (elaborations)
Health Insurance – Questions & Detailed Answers
- Course
- HEALTH INSURANCE
- Institution
- HEALTH INSURANCE
Health Insurance – Questions & Detailed Answers
[Show more]
Content preview
Health Insurance – Questions & Detailed AnswersAndrew is insured by Leroux Health Insurance under Plan A. The plan
includes a $248.00 monthly premium with a $5,500.00 annual deductible
(not including co-pays).
Andrew is severely asthmatic. He visits his primary care physician twice a
month and his asthma specialist once a month. He has two separate generic
inhalers that need to be refilled on a weekly basis. To make matters worse,
Andrew has recently been diagnosed with appendicitis and is scheduled to
have his appendix removed in the morning. The procedure will cost about
$1,500.
Considering his frequent doctor visits, many prescription refills, and his
appendix removal in addition to his monthly premium, how much will
Andrew pay in health care related fees this year? Correct Ans - D
In order to make premiums more affordable for their customers, Leroux
Health Insurance is considering some changes to one of the plans they
offer. Both the current options and proposed changes are outlined in the
charts below.
If Kevin is currently insured under Leroux for his medical insurance under
Plan A, how will the proposed changes affect his health care costs?
Correct Ans - A
The health care Jimmy's employer offers is a fee-for-service plan in which
Jimmy and his family must pay for $12,500 in health related services in a
calendar year before the insurance company begins to pay. Jimmy and his
family have several health related issues that demand $685.00 each month.
If one of Jimmy's children were to become seriously injured at the end of
the year, how much would the related health costs need to be in order for
the insurance company to assume responsibility? Correct Ans - B
Billy's employer pays for 65% of his annual health insurance premium.
Billy has the rest deducted in equal amounts from his paycheck. If Billy has
$105.73 withheld from his paychecks twice each month, how much does
his employer contribute towards his health insurance on an annual basis?
Correct Ans - D
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$12.98. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now