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15 Apr 2022, 11:30
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
85% (02:33) correct
15%
(02:39)
wrong
based on 27
sessions
History
Date
Time
Result
Not Attempted Yet
Insurance Plan A requires the patient to pay up to the first $1,600 of any hospital bill plus 12% of the remainder of the bill. Insurance Plan B requires the patient to pay the entire amount of any hospital bill under $2,000; for hospital bills of at least $2,000, the patient pays $2,000 plus another 8% of the entire amount. The patient would pay the same under either insurance plan for hospital bills of which of the following amounts?
I. $1,280
II. $1.600
III. $1,840
A. I only
B. II only
C. I and II only
D. II and III only
E. I, II, and III
I. $1,280
II. $1.600
III. $1,840
A. I only
B. II only
C. I and II only
D. II and III only
E. I, II, and III
16 Apr 2022, 18:09
Kudos
Bookmarks
Bunuel
Breaking Down the Info:
I. Both plans have a "deductible" of at least 1600, so 1280 must be paid in full in both plans.
II. Same as above.
III. 1840 does not hit the deductible limit for plan B, so for plan B you would pay in full but you get some savings for plan A. Then the bill cannot be the same.
Answer: C
