age 57, recently suffered a stroke. She was in intensive ital, she spent 25 days in a nursing home at a cost of $24 loyer. The policy had a $1,000 deductible and an 80/20 c she had no long-term care or disability income insurance. a's direct medical expenses was paid by her insurance poli we to pay for her nursing home care?
age 57, recently suffered a stroke. She was in intensive ital, she spent 25 days in a nursing home at a cost of $24 loyer. The policy had a $1,000 deductible and an 80/20 c she had no long-term care or disability income insurance. a's direct medical expenses was paid by her insurance poli we to pay for her nursing home care?
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 31P
Related questions
Question
![Christina Haley of Elko, Nevada, age 57, recently suffered a stroke. She was in intensive care for 3 days and was hospitalized for 10 more days. Her total bill for this care was $133,000. After
being discharged from the hospital, she spent 25 days in nursing home at a cost of $240 per day. Christina, who earns $4,500 per month, missed two months of work. Christina had a health
insurance plan through her employer. The policy had a $1,000 deductible and an 80/20 coinsurance clause with a $2,000 coinsurance cap. She had also accumulated 21 sick days (equivalent to
one month) at work. Otherwise she had no long-term care or disability income insurance. Round your answers to the nearest dollar.
a. How much of Christina's direct medical expenses was paid by her insurance policy?
$
b. What did Christina have to pay for her nursing home care?
$
c. How much income did Christina lose?
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1e30b079-c2c3-4f92-a774-60854e2c5efd%2F28b98ba3-bc5f-48b7-bddc-d2805d8d3b41%2Ffwmtsmj_processed.png&w=3840&q=75)
Transcribed Image Text:Christina Haley of Elko, Nevada, age 57, recently suffered a stroke. She was in intensive care for 3 days and was hospitalized for 10 more days. Her total bill for this care was $133,000. After
being discharged from the hospital, she spent 25 days in nursing home at a cost of $240 per day. Christina, who earns $4,500 per month, missed two months of work. Christina had a health
insurance plan through her employer. The policy had a $1,000 deductible and an 80/20 coinsurance clause with a $2,000 coinsurance cap. She had also accumulated 21 sick days (equivalent to
one month) at work. Otherwise she had no long-term care or disability income insurance. Round your answers to the nearest dollar.
a. How much of Christina's direct medical expenses was paid by her insurance policy?
$
b. What did Christina have to pay for her nursing home care?
$
c. How much income did Christina lose?
$
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Pfin (with Mindtap, 1 Term Printed Access Card) (…](https://www.bartleby.com/isbn_cover_images/9780357033609/9780357033609_smallCoverImage.jpg)
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
![Pfin (with Mindtap, 1 Term Printed Access Card) (…](https://www.bartleby.com/isbn_cover_images/9780357033609/9780357033609_smallCoverImage.jpg)
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
![Individual Income Taxes](https://www.bartleby.com/isbn_cover_images/9780357109731/9780357109731_smallCoverImage.gif)
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT