Asked by Jillian Hendrix on Jun 09, 2024
Verified
Refer to Mighty Machinery Company. Brewster, her spouse, and their 5 children are covered by Mighty Machinery Company's health plan. Last year Brewster's doctor bills totaled $5,180. Compute the amount Brewster must pay for her doctor bills.
Deductible
The amount paid out of pocket by the policyholder before an insurance company pays any expenses.
Medical Bills
Charges incurred for medical products or services, including hospital care, physician services, and medications.
Insurance Premiums
The amount that individuals or entities must pay for an insurance policy to remain active.
- Acquire knowledge and determination of financial liabilities and perks for members in healthcare plans, including premiums, deductibles, and co-payments.
Verified Answer
BS
Learning Objectives
- Acquire knowledge and determination of financial liabilities and perks for members in healthcare plans, including premiums, deductibles, and co-payments.