Nick Has a Comprehensive Health Care Policy with a $250

question 45

Multiple Choice

Nick has a comprehensive health care policy with a $250 per-calendar-year deductible,an 80% co-insurance provision,and a $1,000 copayment cap per calendar year.In January,Nick had a $600 claim for which the insurance company paid $280.Nick experiences another unrelated claim in October resulting in total bills of $5,000.How much will Nick have to pay for the second claim?

• A)$5,000
• B)$3,930
• C)$1,800
• D)$930
• E)None of the above

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Definitions:

Confidence Interval

A statistical measure that provides, with a specified probability, a range of values within which a population mean is likely to lie.

Statistical Measure

A quantitative value representing a summary or characteristic of a set of data, such as mean, median, or standard deviation.

Significance Test

A statistical test used to determine if the results of an experiment are likely to be due to chance or if they are significant in terms of supporting a hypothesis.

Longitudinal Study

A research design that involves repeated observations of the same variables over short or long periods of time.