comprehensive major medical health insurance plan
s comprehensive major medical health insurance plan at work has a deductible of $750. The poli Show more Beckys comprehensive major medical health insurance plan at work has a deductible of $750. The policy pays 85 percent of any amount above the deductible. While on a hiking trip Becky contracted a rare bacterial disease. Her medical costs for treatment including medicines tests and a six-day hospital stay totaled $8893. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $3000. Was her friend correct? Show your computations. Then determine which policy would have cost Becky less and by how much Show lesss comprehensive major medical health insurance plan at work has a deductible of $750. The poli Show more Beckys comprehensive major medical health insurance plan at work has a deductible of $750. The policy pays 85 percent of any amount above the deductible. While on a hiking trip Becky contracted a rare bacterial disease. Her medical costs for treatment including medicines tests and a six-day hospital stay totaled $8893. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $3000. Was her friend correct? Show your computations. Then determine which policy would have cost Becky less and by how much Show less
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