HomeworkLib
Question

1) What is the difference between Tricare and ChampVA? 2) If Jill's covered surgery cost $10,000...

1) What is the difference between Tricare and ChampVA?

2) If Jill's covered surgery cost $10,000 and her out-of-pocket maximum was $1000, how much would Jill's surgery end up costing her?

3)Jack had knee surgery.

His physician charged 5000

His insurance allowed 4000

Jack has a 1000 deductible that has not been met.

Jack's insurance pays 80/20.

Jack's insurance has an out-of-pocket maximum of 4000.

A. How much out-of-pocket will Jack have to pay?

B. How much will Jack's insurance pay?

please answer all part of question

science   nursing   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

1) Tricare is one of the government programs which provide healthcare services to the active military,retirees and their family members whereas CHAMPVA is the Civilian health and Medical Program of the Department of Veterans Affairs who is responsible to bear the cost of some health care services provided to eligible participants.

2) Jill's surgery end up costing = $ 10000 + $1000= $11000

3)Total cost of Knee surgery = 5000

A) Jack will have to pay out of pocket = 20% of 5000 = 1000

B) Jack's Insurance will pay = 80% of 5000 = 4000

0 0
Add a comment
Know the answer?
Add Answer to:
1) What is the difference between Tricare and ChampVA? 2) If Jill's covered surgery cost $10,000...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 1.If a person must pay the first $300 of covered health care expenses in a year,...

    1.If a person must pay the first $300 of covered health care expenses in a year, this is called their a. deductible. b. maximum out-of-pocket. c. lifetime maximum. d. co-payment. 2.The majority of people with private health insurance get it a. along with one other person. b. individually. c. in groups. d. at the grocery store. 3.The lifetime maximum is the a. most of covered expenses that an individual will have to pay during a year. b. percentage of a...

  • Granny Clampett's health insurance policy has a $500 annual aggregate deductible, and 80/20 cost sharing deductible,...

    Granny Clampett's health insurance policy has a $500 annual aggregate deductible, and 80/20 cost sharing deductible, and a $5,000 maximum annual out-of-pocket cap of $5,000. She wrecks her Harley and breaks her hip, and her total medical bills for the injury are $122,721. How much will her insurer pay for this claim?

  • you must show all your work for full credit Use the following information to answer the following questions deductible: $1000 coinsurance: 20% out-of-pocket maximum: $8000 let's say you have $3000...

    you must show all your work for full credit Use the following information to answer the following questions deductible: $1000 coinsurance: 20% out-of-pocket maximum: $8000 let's say you have $30000 in covered medical expenses in January: How much are you going to pay? How much insurance company pays? if you have an additional $20000 in medical expenses: how much are you going to pay? how much insurance company pays?

  • Your health insurance requires a copay of $45 each time you see your doctor. You have...

    Your health insurance requires a copay of $45 each time you see your doctor. You have already met your $1500 deductible for the year, but you are far below your out-of-pocket maximum payment of $5000 for the year. Your doctor charges patients without insurance $100 per visit. How much must you pay for your visit to the doctor in this situation?

  • Your health insurance requires a copay of $45 each time you see your doctor. You have...

    Your health insurance requires a copay of $45 each time you see your doctor. You have already met your $1750 deductible for the year, but you are far below your out- of-pocket maximum payment of $4000 for the year. Your doctor charges patients without insurance $100 per visit. How much must you pay for your visit to the doctor in this situation? Your Answer:

  • Mark, age 28, is insured under an individual medical expense policy that is part of a...

    Mark, age 28, is insured under an individual medical expense policy that is part of a preferred provider organization (PPO) network. The policy has a calendar-year deductible of $1000, 75/25 percent coinsurance, and an annual out-of-pocket limit of $2000. Mark recently had outpatient arthroscopic surgery on his knee, which he injured in a skiing accident. The surgery was performed in an outpatient surgical center. Mark incurred the following medical expenses. (Assume that the charges shown are the charges approved by...

  • Your health insurance requires a copay of $30 each time you see your doctor. You have...

    Your health insurance requires a copay of $30 each time you see your doctor. You have already met your $1000 deductible for the year, but you are far below your out-of-pocket maximum payment of $3000 for the year. Your doctor charges patients without insurance $100 per visit. How much must you pay for your visit to the doctor in this situation? Your Answer: Answer

  • Maria has basic health insurance, including prescription drug coverage, with a plan year that starts on July 1, but she...

    Maria has basic health insurance, including prescription drug coverage, with a plan year that starts on July 1, but she has no vision or dental coverage. Her coverage includes a $2,500 deductible, 75:25 coinsurance, and a stop-loss point of $10,000. Maria has been undergoing treatment for premature wrinkles. By the end of May, she's reached her stop-loss point for covered medical care. Her wrinkle treatment for the month of June will cost $1,000. How much will Maria have to pay...

  • Ch 16 Case Studies #8

    As with a Medicare RA, when a commercial RA is received, before posting payments and preparing secondary claims that may be required you must carefully review it. When analyzing an RA from a commercial carrier, you must be familiar with the guidelines of that carrier’s particular plan. The type of services covered and the percentage of the coverage will vary, depending on whether the plan is a fee-for-service plan, a managed care plan, a consumer-driven health plan, or some other...

  • RISK MANAGEMENT AND INSURANCE MULTIPLE CHOICE Mohamed signed on for group dental insurance when he joined...

    RISK MANAGEMENT AND INSURANCE MULTIPLE CHOICE Mohamed signed on for group dental insurance when he joined his employer last year. At his latest check-up, the dentist noted that he needed crowns on three teeth and an implant for a fourth tooth that had been removed due to decay. Under his plan, if the cost of dental work will exceed $600, the dentist submits the treatment plan to the insurer to calculate what the plan will cover and what the employee...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT