Get Answer: Valerie Accountant Years Question Guide

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This question relates to valerie accountant years and requires a structured academic response.

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Original Question

Valerie, an accountant, is 24 years old and has owned a major medical insurance policy for three years. The policy, which she purchased through her employer, provides the following coverage: • a $3,000,000 lifetime limit • a $1,500 deductible and 80% coinsurance clause • internal limits of $400 per day for a semi-private room and board, $7,500 per occurrence for x-rays, prescription drugs, and other medical expenses, and a $40,000 maximum limit per occurrence on surgical procedures • a $25,000 limit per occurrence on rehabilitation and physical therapy • if a hospital charges a room rate that is greater than the policy’s stated internal limit, the hospital agrees to reduce the room rate to the policy’s internal limit. Last month, Valerie was injured when she was struck by a car while riding her bike to work. She spent 5 days in the hospital in a room that cost $600 per day, incurred $5,500 for other medical expenses, and $20,000 in surgical expenses. Given these claim costs, complete the following table and answer the related questions Policy Limit Total Claim Hospital charges $400 per day $2,000 Surgery costs $40,000 $20,000 Other medical costs $7,500 $5,500 Rehabilitation and therapy costs $25,000 $0 Deductible $1,500 Co-insurance percentage 80 % Total cost of claim $27,000 Based on this data, the total cost to the insurance company is $ , while the out-of-pocket cost to Valerie is $ . How much did Valerie save by having her medical insurance policy? $

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