Christina Haley of San Marcos, Texas, age 61, recently suffered a severe stroke. She was in intensive care for 12 days and was hospitalized for 18 more days. After being discharged from the hospital, she spent 45 days in a nursing home for medically necessary nursing and rehabilitative care. The policy had a $1,000 deductible, a $50,000 episode limit, and a $250,000 annual limit with an 80/20 coinsurance clause with a $2,000 coinsurance cap. Her total bill was $125,765.
• a) How much of Christina’s expenses was paid by her insurance policy?
• b) How much did Christina pay?

Question

Christina Haley of San Marcos, Texas, age 61, recently suffered a severe stroke. She was in intensive care for 12 days and was hospitalized for 18 more days. After being discharged from the hospital, she spent 45 days in a nursing home for medically necessary nursing and rehabilitative care. The policy had a $1,000 deductible, a $50,000 episode limit, and a $250,000 annual limit with an 80/20 coinsurance clause with a $2,000 coinsurance cap. Her total bill was $125,765.
• a) How much of Christina’s expenses was paid by her insurance policy?
• b) How much did Christina pay?

perl · Answer

Do you have an online book or web resource for financial maths, i am not familiar with the terminology

anonymous · Answer

no this is one of my assignment question that I, myself, do not understand. That is why I am asking for help