15. Mr. Postman was attacked by a stray dog while delivering letters on his mail
ID: 2450705 • Letter: 1
Question
15. Mr. Postman was attacked by a stray dog while delivering letters on his mail route. He is single and has insurance Plan 1 with the benefits shown in the chart below. Mr. Postman managed to drive himself to the e had the following health expenses: one ER visit that cost $715, three physician visits and four specialist visits, six physical therapy sessions that cost $160 each but were covered by co-insurance, and two generic presciptions at the local pharmacy to prevent infection. What rive himself to the emergency room. After meeting his deductible, Mr. Postman amount did Mr. Postman pay? HealthCare BenefitsSchedul Plan 1 Plan 2 $389 50 5000.00 $10,000.00 15,000.00 Annual Deductible Single Annual Check Specialist Visit Not Covered 20.00% 30.00%20.006 Room 3000%. Retail Pharma Brand Name Not Coered Discount Card Percent of total cost that you must pay " u must pay 100% of hospital admission charges 16. To secure financial protection for his life insurance beneficiary, Mr. Kite chose a $90,000, 10-year term policy at a price of $13.00 per $1,000 when he was 30 years old. Now at the age of 40, Mr. Kite's premium increases to $20.00 per S1,000. What is the percent increase in the premium for Mr. Kite to continue his $90.000, 10-year term policy? 17. Twenty-year-old Eleanor has a whole life insurance policy for $30,000. The annual premium Twenty -year-old Eleanor has a whole r $1,000 is $11.00, and Eleanor wants to pay her bill monthly, which will cost an additional 92% installment fee. What is Eleanor's monthly cost? 18· Penny purchased L. Barber stock for a price of S897 per share. Dividends are SOAS per share. What is the annual yield for Penny's stock? (more)Explanation / Answer
Answer to Q.No.16: Percent increase in premium for Mr. Kite:
Difference in premiim amount : $20 less $13 = $7
Percentage increase = (Difference /earlier premium amount) x 100
= (7/13) x 100 = + 53.85%
Anser to Q.No.17: Eleanor's monthly cost
Total Annual bill if paid annualy ($) = (11/1000) x 30,000 = 330, & per month is 330/12 = $27.5
Additinal cost as installation fee ($) = 330 x 9.2/100 = 30.36 & per month additional cost = $ 2.53
Total monthly bill ($) = 27.5 + 2.53 = 30.03.
Anser to Q.No.18: Annual yield for Penny's stock
(Assuming the stock holding period is one year)
= (Return in $ / Investment ) x 100 = (0.45/8.97) x 100 = 5.02%
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