15. Mr. Postman was attacked by a stray dog while delivering letters on his mail
ID: 2714113 • Letter: 1
Question
15. Mr. Postman was attacked by a stray dog while delivering letters on his mail route. He is single and has insurance Plan 1 with the benefits shown in the chart below. Mr. Postman managed to drive himself to the emergency room. After meeting his had the following health expenses: one ER visit that cost $715, three physician visits and four specialist visits, six physical therapy sessions that cost $160 each but were covered by co-insurance, and two generic presciptions at the local pharmacy to prevent infection. What deductible, Mr. Postman amount did Mr. Postman pay? HealthCareBenefitsSchedu! Plan 2 Plan 1 $389 50 Annual Deductible Sir $5000.00 $10,000.00 5,000.00 Annual Check C p 50.00 0.00 cian Visit Specialist Visit Not Covered 00% Room 20.00% 3000%. 30 00%" Retail Pharma You mutolf toald Name You must pay 100% of hospital admission charges Brand Name Not Coered Discount Card Percent of total cost that you must pay " 16. To secure financial protection for his life insurance beneficiary, Mr. Kite chose a $90,000, 10-year term policy at a price of $13.00 per $1,000 when he was 30 years old. Now at the age of 40, Mr. Kite's premium increases to $20.00 per S1,000. What is the percent increase in the premium for Mr. Kite to continue his $90.000, 10-year term policy? 17. Twenty-year-old Eleanor has a whole life insurance policy for $30,000. The annual premium Twenty -year-old Eleanor has a whole pe r $1,000 is $11.00, and Eleanor wants to pay her bill monthly, which will cost an additional 92% installment fee. What is Eleanor's monthly cost? 18 Penny purchased P L. Barber stock for a price of S897 per share. Dividends are SOAS per share. What is the annual yield for Penny's stock? (more)Explanation / Answer
Answer
Amount Postman Pay:-
ER visit charges = $715
3 Physician visits = $160 *3 = $480
4 Specialist =$160*4 =$640
6 Physical therapy = $160*6 =$960
Total AMount for Visits = $2,795
Deductible = $5,000
Total cost = $7,795
Following expenses are covered :-
Physician = $35 , 3 Physician vist = $35*3 =$105
Specialist=$35, 4 Specilaist = $35*4 = 140
Total cost covered = $245
Emergency room charges = 70% covered, Rest to be paid by postman = $1,500(5000*.3)
SO total amount to be paid by Postman = $1,500+$2,550 = $4,050
2. Percent increase in mR. Kite Premium
Initial Price = $13
new price = $20
increase in premium = 20-13 = $7/13*100 = 53.85%
3.Eleanor's monthly cost = $27.5(30,000/1000/12*11)+2.76(30*9.2%)= $30.26
Annual yield for Penny Stock
D =$0.45
Price= $8.95
Yield = 0.45/8.95 = 5.02%
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