70.2K

Verified Solution

Link Copied!

Ronald started hls new job as a controller with Aerosysterns todoy. Carole, the emplayee benepits clerk, gave Ranald a packet that contained information on the company's health insurance options, Acrosystems offers its employees the cholce between a private insurance compary plan (Blue Cross or Blue Shleld), an HMO, and a PPO. Plonald nects to feview the packet and make a decision on Which health care program best fits his needs. The following is an overview of thet information. a. The monthly premium cost for Ronald for the Bue Cross or Blue Shleid plan will be $49.43. For all doctor's office visits: prescriptions, and major medical chorges, Ronald wil be responsible for 20 percent and the insurance compary whi cover Bo percent of the covered charges, The annual deductuble is $500. b. The HMO is provided to employees free of charge. The copayment for doctors' otfice visits and major medical charges is 520 . Prescription coperyments are $20. The HMO pays 100 percent after Ronald's copament. There is no andual deductiolie. c. The POS requires that the employees pay $28.44 per month to supplement the cost of the program with the compary's peyment if Ronald uses health care providers within the pian, he pays the copayments as described above for vie HMO Ha can also choose to use a health care provider outside of the service and pay 20 percent of the covered charges ofter he pays a $500 deductible. The POS Wil pey for 80 percent of those covered visits. There is no annual deductible for in-network expenses. Ronald decided to review his chedical bilis from the previlous year to see what costs he hod incurred and io hejp tim evaluate his choices. He visited his general physictan four times during the year at a cost of $209 for each vise. He also spent $6% and $90 on prescriptions during the year. For the purposes of the pos computation, assume that Ronald visited a physician outsiof of tha network plath. Assume he had his prescriptions filed at a network-approved pharmecy) Shieid plan? Note: Round your intermediate calculations and final answer to 2 decimel pleces

Answer & Explanation Solved by verified expert

See Answer