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At what point does the health insurance company cover all of the out-of-pocket costs for an
insured individual on the economy plan?
a. Above $1,200 in-network or $2,400 out-of-network
b. Above $3,300 in-network or $6,000 out-of-network
Above $7,000 in-network or $12,000 out-of-network
d. Above $14,000 in-network or $24,000 out-of-network
C.

Respuesta :

The answer is c cause it can’t be over more than 8,700 for a single person

The point at which the health insurance company cover all of the out-of-pocket costs for an insured individual on the economy plan is; Option C

What is Out of Pocket Expenses?

Out-of-pocket expenses is defined as the costs that individuals pay out of their own cash reserves. In terms of health insurance, out-of-pocket expenses are simply your own share of covered healthcare costs, including the money you pay for deductibles, copays, and coinsurance.

Now, in the year 2021, the out-of-pocket limits were $8,550 for individual coverage and $17,100 for family. However, now in the year  2022, the out-of-pocket limits for individuals is now $8,700 while it is now $17,400 for a family.

Thus, we can conclude that option C is correct from the range given.

Read more about Insurance at; https://brainly.com/question/4953989

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