PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN: 9781337117005
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
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Question
Chapter 9, Problem 4FPE
a)
Summary Introduction
To calculate: The out of pocket expenses of Person B.
b)
Summary Introduction
To calculate: The out of pocket expenses of Person B under HMO.
c)
Summary Introduction
To determine: The effective plan among HMO and standard plan.
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Samuel Nguyen was seriously injured in a skiing accident that broke both his legs and an arm. His medical expenses included 8 days of hospitalization at $1,100 a day, $5,100 in surgical fees, $7,300 in physician's fees (including time in the hospital and six follow-up office visits), $340 in prescription medications, and $2,900 for physical therapy treatments. All of these charges fall within customary and reasonable payment amounts.
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1. Michael Lim was seriously injured in a motorcycle accident that broke both his legs and arms. His medical expenses included 5 days of hospitalization at P1,000.00 per day, P162,000.00 in surgical fees, P43,000.00 in physician’s fees (including time in the hospital and eight follow-up visits), P15,200.00 in prescription medications, and P21,000.00 for physical therapy treatments. All of these charges will fall within customary and reasonable payment amounts.
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Chapter 9 Solutions
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