Unit 3 Response.rtf - Assignment Open Response 3(50 Points...

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Assignment: Open Response 3 (50 Points) Answer each of the following. If you are typing, be sure to save this in Rich Text Format, .rtf. 1) Health Insurance. (This section is worth a total of 25 points) The company you work for offers a choice of three different policies. Here are the details. Coinsurance is the percentage of bills you pay after the deductible. Your employer will be paying 70% of the premium. Insurance Company Deductible Coinsurance Office Visit Annual Premium AAA+ $2500 20% $25 $1883 Health Today $500 20% $25 $2343.36 Best Insurance $5000 20% 20% after deductible $821.80 a) Compare the Companies. Answer each of the following. Which company has the lowest deductible (money you must pay on bills before the insurance will pay)? Health Today Which company has the best Office Visit quote? Best Insurance Which company has the lowest annual premium? Best Insurance b) Now, let’s try “what if”. What if you had medical bills for $10,000 for a minor surgery?
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