Questions are in the file. Please do the best.


Question Description:

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Questions are in the file. Please do the best. 2013 Medical Expenses Assignment #1 (Fall 2013).docx 1. Find the following annual premium, deductible, and out-of-pocket maximum information from the three Ball State medical plan options for both an individual and a family of 4, assuming all medical expenses are from a Preferred Network provider: This information is available from http://cms.bsu.edu/about/administrativeoffices/payrolleb/benefits in the third, fourth, and fifth links down the page (Plan Summary Pages for each plan). Premium information is available in the sixth link down the page (Premium Rates Short Plan Year). Please notice that the out-of-pocket maximum DOES NOT include the deductible for the first two plans, but DOES include the deductible for the High Deductible HSA Plan. Low Deductible High Deductible Wellness Health Savings Account Plan Individual Premium: Individual Premium: Individual Premium: Individual Deductible: Individual Deductible: Individual Deductible: Individual OOP Max: Individual OOP Max: Individual OOP Max: Family Premium: Family Premium: Family Premium: Family Deductible: Family Deductible: Family Deductible: Family OOP Max: Family OOP Max: Family OOP Max: 2. What is the worst-case scenario for an individual (assuming all medical expenses are from Preferred Network providers) under each plan? In other words, what is the most an individual would ever have to pay in 2013 for medical expenses (at Preferred Network providers)? 3. What is the worst-case scenario for a family of 4 (assuming all medical expenses are from Preferred Network providers) under each plan? In other words, what is the most a family of 4 would ever have to pay in 2013 for medical expenses (at Preferred Network providers)? 4. If you were employed by BSU, which plan would you choose if you were an individual? Why? 5. If you were employed by BSU with a family of 4, which plan would you choose? Why? Read more

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