Liam has purchased a fee-for-service health insurance plan from Leroux Health Insurance. Plan A includes a $248.00 monthly premium and an annual deductible of $5,500.00 (not including co-pays). Liam is a fairly healthy young man. He visits his primary care physician three times a year on scheduled visits. He sees a chiropractic specialist every week to help with lower back pain. He has no current prescriptions that need refilling regularly. Assuming Liam maintains his regular visits with his primary care physician and his chiropractor, and avoids any trips to the emergency room or urgent care, how much will Liam pay in health care related fees this year?
Answer:
$6,216
Step-by-step explanation:
Leroux Health Insurance Plan A Costs:
Liam's total health expenses:
12 months x monthly premium = 12 x $248 = $2,976
52 visits to chiropractic specialist = 52 x $60 = $3,120
3 visits to primary care physician = 3 x $40 = $120
Total health care expenses = $6,216