David Chang was seriously injured in a snowboarding accident that broke both his legs and an arm. Hi Show more David Chang was seriously injured in a snowboarding accident that broke both his legs and an arm. His medical expenses included 5 days of hospitalization at $900 a day $6200 in surgical fees$4300 in physicians fees (including time in the hospital and eightfollow-up) $520 in prescription medications and $2100 for physical therapy treatments. All of these charges fall within customary and reasonable payment amounts. A. If David has an indemnity plan with a $500 deductible that pays 80 percent of his charges and has a $5000 stop-loss provision how much will he have to pay out of pocket? B. What would Davids out-of-pocket expenses be ifhe belonged to an HMO with a $20 co-pay for office visits? C. Monthly premiums are $155 for the indemnityplan and $250 for the HMO. If he has no other medical expenses this year which plan provides more cost-efficient coverage for David? What other factors should he consider in deciding between the two plans? Show less
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