BUSI 223 Application Activity 3 Health, Disability and Long-Term Care Insurance Assignment solutions complete answers
Health Insurance
Giving Birth and Health Insurance
Activity Description
In this activity, you will help Jamie Lee and Ross sort through their health insurance as they prepare for the arrival of their babies.
The estimated time to complete the activity is 10-15 minutes. You should start when you have enough time to critically think through the scenario. However, if you need to exit the activity before completion, you will return to where you left off when you re-enter.
Learning Objectives
After completing the activity, you will be able to:
· LO 1 Understand health insurance basics
· LO 2 Assess in-network vs out-of-network coverage
· LO 3 Calculate health insurance expenses
Evaluation and Scoring
You will be asked to respond to a variety of questions as you complete the activity, and your responses may impact both your score and what happens next.
You will not have the ability to go back and change your answer, so consider each answer option carefully.
Scoring is calculated as follows:
1. Points are received based on the answer you select for each question, and questions are tied to multiple scoring categories associated with the learning objectives.
2. Your scores for each category are based on the total number of points you earn for the associated questions.
3. You will receive one final activity score at the end of the activity that combines your results from each category.
Your instructor has assigned a total point value for this assignment. Your assignment grade is calculated based on the final percentage score you earn at the end of the activity.
What type of medical insurance plan is Ross talking about?
What is copayment?
If the doctor is outside the PPO member list then what type of service will Jamie Lee be provided with?
What is an out-of-pocket limit?
What financial responsibility do Jamie Lee and Ross have now that they are at a nonparticipating hospital?
How much is Jamie Lee’s deductible for the hospital visit?
Yes, my insurance policy states that after the deductible is met, then the insurance company will pay for 80% of the medical fees. So our share is still 20%. For in-network hospitals the coinsurance is 10%.
With the above information, if the total hospital expense was $17,452 at the out-of-network hospital then how much do Jamie Lee and Ross owe for the hospital stay? Make sure to include the deductible accurately.
