Chapter 11 Formulas Flashcards
1
Q
Employee’s Percent
A
100% - Employer’s Percent
2
Q
Employee’s Contribution
A
Total Premium x Employee’s Percent
3
Q
Amount Paid by Patient
A
Deductible + Co-payments + Co-insurance + Hospital Charges
4
Q
Co-payments
A
Physician + Specialist + Physical Therapy
5
Q
Hospital charge
A
Hospital charges x Employee’s Percent
6
Q
Annual Premium
A
(Policy Amount/$1,000) x Premium per $1,000
7
Q
Annual Increase
A
Older age annual premium - Younger age annual premium
8
Q
Percent Increase
A
Annual Increase/Original Amount
9
Q
Monthly Premium
A
Annual Premium x Monthly Premium Percent Given
