FINANCIAL MATH MANDATORY ASSIGNMENT
HEALTH INSURANCE COSTS
Facts: a 3-person farnlly is in a car accident and Incurs
medical costs, as follows:
PERSON
1
2
3
Emergency
Room
(Copay only
$6,300
$3,300
$1,300
$32,000
$12,000
$5,000
Doctors +
Hospital
(Deductible
Coinsurance)
ASSIGNMENT: Using the health plan we reviewed, calculate the
total share of the costs the family is responsible for. Assume all
costs are in-network.