Josephine visits her dentist in downtown victoria bc, to have a cavity field. The procedure costs her $550 but a maximum fee for a standard filling, according to the provincial dental schedule is $400. Josephine works for a company that offers employees group dental coverage with a yearly maximum of $1000 and an 80% co-insurance factor. How much will Josephine recieve from the insurer for her procedure?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter9: Insuring Your Health
Section: Chapter Questions
Problem 2FPE
icon
Related questions
Question

Josephine visits her dentist in downtown victoria bc, to have a cavity field. The procedure costs her $550 but a maximum fee for a standard filling, according to the provincial dental schedule is $400. Josephine works for a company that offers employees group dental coverage with a yearly maximum of $1000 and an 80% co-insurance factor. How much will Josephine recieve from the insurer for her procedure?

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
CONCEPTS IN FED.TAX., 2020-W/ACCESS
CONCEPTS IN FED.TAX., 2020-W/ACCESS
Accounting
ISBN:
9780357110362
Author:
Murphy
Publisher:
CENGAGE L
SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
Accounting
ISBN:
9780357233306
Author:
Maloney
Publisher:
Cengage
SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
Accounting
ISBN:
9780357391723
Author:
Maloney
Publisher:
Cengage
SWFT Individual Income Taxes
SWFT Individual Income Taxes
Accounting
ISBN:
9780357391365
Author:
YOUNG
Publisher:
Cengage