Question

Staywell health insurance is offering a plan with a premium of $250, a deductible of $3500, and maximum out-of-pocket expenses of $6000. if sheldon chooses this insurance, what is the most he should pay in one calendar year?

$6,000


$9,000


$9,500


$9,750

Answer 1

$6,000

Step-by-step explanation:

The most Sheldon should pay in one calendar year for the Staywell health insurance plan is $6000. This is the maximum out-of-pocket expense specified by the plan. The maximum out-of-pocket expense is the most you pay during a policy period (usually a year) before your health insurance plan starts to pay 100% of the allowed amount. The out-of-pocket expense includes your deductible and copayments, but not your premiums. Therefore, Sheldon's premium is $250 and his deductible is $3500, but he would not pay more than $6000 in total.