Franks Year Engineer Assignment Help: How to Answer This Question
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Original Question
Jim Franks is a 28-year-old Engineer. He works for a small, local engineering firm who employees about 25 people. As a part of his employment package, he can get health insurance for him and his wife, Lisa. He pays $150 per month for his insurance and his company pays $300 monthly towards his insurance as an employment benefit. He has a BlueCross Plan that he considers to be comprehensive. The insurance has a network of providers from which to choose. His family doctor is on the list. The insurance plan does not require that he go to a provider on the list, but Jim pays less if he does so. He is allowed to refer himself to specialists, but again he pays less if he goes to one of the physicians on the list. His plan is an 80/20 plan with a $300 yearly deductible. If he must personally pay more than $3000 for his healthcare in a year, the insurance covers the bill at 100% for covered items. His insurance covers many things including doctors’ visits, hospital care, prescriptions, physical therapy, and some medical equipment, like crutches. Jim was playing recreation league softball and sprained his ankle. He stopped into the closest DME store to get some crutches and learned they were NOT in network with his insurance. The retail price of the crutches was $100. The BCBS allowable for crutches is $75. Answer the below question regarding the case above: What is the total monthly premium for this insurance plan? Question 7 Answer
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