Latasha, a restaurant owner, is 24 years old and has owned a major medical insurance policy for three years. The policy, which she purchased through her trade association, provides the following coverage: a $2,000,000 lifetime limit ⚫a $500 deductible and 80% coinsurance clause internal limits of $500 per day for a semi-private room and board, $5,000 per occurrence for x-rays, prescription drugs, and other medical expenses, and a $25,000 maximum limit per occurrence on surgical procedures a $25,000 limit per occurrence on rehabilitation and physical therapy if a hospital charges a room rate that is greater than the policy's stated internal lim, the hospital agrees to reduce the room rate to the policy's internal limit. Last month, Latasha was injured during a severe grease file in her restaurant. She spent 3 days in the hospital in a room that cost $750 per day, incurred $4,000 for other medical expenses, and $22,000 in surgical expenses. Given these claim costs, complete the following table and answer the related questions Hospital charges Surgery costs Other medical costs Policy Limit Total Claim $500 per day Latasha, a restaurant owner, is 24 years old and has owned a major medical insurance policy for three years. The policy, which she purchased through her trade association, provides the following coverage: a $2,000,000 lifetime limit ⚫a $500 deductible and 80% coinsurance clause internal limits of $500 per day for a semi-private room and board, $5,000 per occurrence for x-rays, prescription drugs, and other medical expenses, and a $25,000 maximum limit per occurrence on surgical procedures a $25,000 limit per occurrence on rehabilitation and physical therapy if a hospital charges a room rate that is greater than the policy's stated internal lim, the hospital agrees to reduce the room rate to the policy's internal limit. Last month, Latasha was injured during a severe grease file in her restaurant. She spent 3 days in the hospital in a room that cost $750 per day, incurred $4,000 for other medical expenses, and $22,000 in surgical expenses. Given these claim costs, complete the following table and answer the related questions Hospital charges Surgery costs Other medical costs Policy Limit Total Claim $500 per day
Latasha, a restaurant owner, is 24 years old and has owned a major medical insurance policy for three years. The policy, which she purchased through her trade association, provides the following coverage: a $2,000,000 lifetime limit ⚫a $500 deductible and 80% coinsurance clause internal limits of $500 per day for a semi-private room and board, $5,000 per occurrence for x-rays, prescription drugs, and other medical expenses, and a $25,000 maximum limit per occurrence on surgical procedures a $25,000 limit per occurrence on rehabilitation and physical therapy if a hospital charges a room rate that is greater than the policy's stated internal lim, the hospital agrees to reduce the room rate to the policy's internal limit. Last month, Latasha was injured during a severe grease file in her restaurant. She spent 3 days in the hospital in a room that cost $750 per day, incurred $4,000 for other medical expenses, and $22,000 in surgical expenses. Given these claim costs, complete the following table and answer the related questions Hospital charges Surgery costs Other medical costs Policy Limit Total Claim $500 per day Latasha, a restaurant owner, is 24 years old and has owned a major medical insurance policy for three years. The policy, which she purchased through her trade association, provides the following coverage: a $2,000,000 lifetime limit ⚫a $500 deductible and 80% coinsurance clause internal limits of $500 per day for a semi-private room and board, $5,000 per occurrence for x-rays, prescription drugs, and other medical expenses, and a $25,000 maximum limit per occurrence on surgical procedures a $25,000 limit per occurrence on rehabilitation and physical therapy if a hospital charges a room rate that is greater than the policy's stated internal lim, the hospital agrees to reduce the room rate to the policy's internal limit. Last month, Latasha was injured during a severe grease file in her restaurant. She spent 3 days in the hospital in a room that cost $750 per day, incurred $4,000 for other medical expenses, and $22,000 in surgical expenses. Given these claim costs, complete the following table and answer the related questions Hospital charges Surgery costs Other medical costs Policy Limit Total Claim $500 per day
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 3CPA: Linda is an employee of JRH Corporation. Which of the following would be included in Lindas gross...
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