Annie is married and has a nine-year-old daughter. She was recently hired by an educational publishing corporation as their assistant designer in the kindergarten division. The job requires her to do a lot of typing and editing on a computer. The job requires her to do a lot of typing and editing on a computer. The job comes with a term life insurance equal to three times her annual salary and long-term disability insurance. The long-term disability insurance policy defines total disability as ‘any gainful occupation.’ The company does not provide health insurance and Annie has not purchased any health insurance herself. The financial planner recommends the following health insurance policy. The health insurance policy has a $2,000 deductible and 90% co-insurance clause. a. Suppose Annie was injured in an auto accident and cannot use her hands to type for six months. Her long-term disability insurance provider is willing to provide her training to use voice-activated software in lieu of using her hands to type. Is she able to receive her disability benefits from her long-term disability insurance? Explain. b. Explain why health insurance should be an integral part of a financial plan. c. Annie recently had knee surgery to remove a bone spur in a private hospital. Suppose Annie had purchased the health insurance policy. How much of the above expenses would be covered?

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a. People purchase the long term disability insurance policy in order to protect themselves from any kind of unexpected disability for a long period in future because any serious illness or injury can impact negatively on his or her ability to work. At that time, the long term disability insurance policy can help the policyholders by giving all living expenses when the policyholder will not be able to work. That type of insurance policy sometimes gives the policyholder some required tanning for the improvement of his her injury or illness.

In that situation, Annie got long term disability insurance with her job, and the long term disability insurance policy defines total disability as ‘any gainful occupation.’ That means in case of total disability, Annie will get compensation, and the compensation amount will be like any gainful occupation. Here it has been given that Annie can not use her hands to type for six months because of her injury, but the job requires her to do a lot of typing and editing on a computer. It is not total disablement. Since her long term disablement insurance policy is for total disablement and her injury is not total disablement, she is not able to receive her disability benefits from her long term disability insurance. She can get only the tanning given by her long term disability insurance provider to use voice-activated software instant of using her hands to type, but in case of a job, there is any negative effect of her disablement, she can get her disability benefits from her long term disability insurance.

b. Financial planning is an important aspect of the firm’s operations because it provides road maps for guiding, coordinating and controlling the firm’s actions to achieve its objectives. In the case of the financial planning process, cash planning and profit planning are very important. To establish a financial plan and to implement it, various elements such as a) man, b) machine, c) money, d) market, e) methods, and f) models. But every element will be valueless without man, and these elements sometimes can not perform perfectly because of their illness. As a result, the firm faces some financial losses because of giving compensation or treatment expenses by the firm.

To protect against those kinds of losses, the firm can purchase a health insurance policy. In case of personal risk consideration, a person can also purchase a health insurance policy, which will help to protect him or her at the time of illness by giving the required treatment expenses. Hence to utilize the money, market, machine, models and method, the man is essential, and for man, the health insurance policy is also essential.

That’s why this study wants to say that the health insurance policy is one of the integral parts of a financial plan.

c. The maximum benefits from the health insurance policy and the actual expenses for Knee Surgery in dollars:

Coverage	Maximum Benefits ($)	The actual Expenses for Knee Surgery ($)
Room and Boards for 45 days	27,000	10,000 for 5 days
Intensive Care Unit (ICU) for 10 days	20,000	——–
Physician Fees for 45 days	27,000	4,000 for 5 days
Hospital Expenses	12,000	4,500
Surgical Fees	22,000	5,000
Anesthetist’s Fees	5,000	3,500
Operating Theatre Fees	5,000	6,000
Specialist’s Fees	7,000	——–
Additional Accident Medical Benefit	8,000	——–
Total	133,000	33,000

The maximum benefits from the health insurance policy and the actual expenses for Knee Surgery in dollars

The coverage benefits from the health insurance are:

Particulars	Expenses for knee surgery ($)	The coverage benefits ($)
Room and Board for 5 days	10,000	3,000
Physical Fees for 5 days	4,000	3,000
Hospital Fees	4,500	12,000
Surgical Fees	5,000	22,000
Anesthetist’s Fees	3,500	5,000
Operating theatre fees	6,000	5,000
Total	33,000	50,000

Coverage benefits from the health insurance

Since the health insurance policy has a $2,000 deductible and 90% co-insurance clause, the recovered amount for the expenses incurred for Knee Surgery would be as follows:

Particulars	Expenses for knee surgery ($)	The coverage benefits ($)	Recovered Amount ($)
Room and Board for 5 days	10,000	3,000	9,000
Physical Fees for 5 days	4,000	3,000	3,600
Hospital Fees	4,500	12,000	4,500
Surgical Fees	5,000	22,000	5,000
Anesthetist’s Fees	3,500	5,000	3,500
Operating theatre fees	6,000	5,000	5,400
Total	33,000	50,000	31,000
Less			2,000
*Amount recovered*			*29,000*

The recovered amount for the expenses incurred

Coverage	Maximum benefits ($)
Room and board Actual daily room and board charges of the hospital Maximum 45 days per disability	600 per day
Intensive care unit (ICU) Actual daily room and board charges for confinement in an ICU Maximum 10 days per disability	2,000 per day
Physician fees Actual fees charged by the attending doctor per day for in-house visits during hospital confinement Maximum 45 days per disability	600 per day
Hospital expenses All miscellaneous hospital expenses incurred during hospital confinement Services include drugs, medicines, laboratory examination, electrocardiograms, physiotherapy, X-ray examinations, etc.	12,000 per incident
Surgical fees Actual charges by a surgeon for surgery performed during hospital confinement Subject to the percentage schedule of surgical operations	22,000 per incident
Anesthetist’s fees Actual charges by an anesthetist for surgery performed during hospital confinement Subject to the percentage schedule of surgical operations	5,000 per incident
Operating theatre fees Actual operating theatre charges for surgery performed during hospital confinement Subject to the percentage schedule of surgical operations	5,000 per incident
Specialist’s fees Actual specialist’s fees (non-surgical) for in-hospital consultation referred by a registered medical practitioner	7,000 per incident
Additional accident medical benefit Any expenses over the above benefits, if the hospital confinement is due to accidental bodily injury	8,000 per incident

The health insurance policy has a $2,000 deductible and 90% co-insurance clause

Expenses for knee surgery	$
Room and board for 5 days	10,000
Physical fees for 5 days	4,000
Hospital expenses	4,500
Surgical fees	5,000
Anesthetist’s fees	3,500
Operating theatre fees	6,000
Total	3,000

c. Annie recently had knee surgery to remove a bone spur in a private hospital. The expenses are as follows:

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Academic.Tips. (2021) 'Annie is married and has a nine-year-old daughter. She was recently hired by an educational publishing corporation as their assistant designer in the kindergarten division. The job requires her to do a lot of typing and editing on a computer. The job requires her to do a lot of typing and editing on a computer. The job comes with a term life insurance equal to three times her annual salary and long-term disability insurance. The long-term disability insurance policy defines total disability as ‘any gainful occupation.’ The company does not provide health insurance and Annie has not purchased any health insurance herself. The financial planner recommends the following health insurance policy. The health insurance policy has a $2,000 deductible and 90% co-insurance clause. a. Suppose Annie was injured in an auto accident and cannot use her hands to type for six months. Her long-term disability insurance provider is willing to provide her training to use voice-activated software in lieu of using her hands to type. Is she able to receive her disability benefits from her long-term disability insurance? Explain. b. Explain why health insurance should be an integral part of a financial plan. c. Annie recently had knee surgery to remove a bone spur in a private hospital. Suppose Annie had purchased the health insurance policy. How much of the above expenses would be covered'. 8 October.

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Academic.Tips. (2021, October 8). Annie is married and has a nine-year-old daughter. She was recently hired by an educational publishing corporation as their assistant designer in the kindergarten division. The job requires her to do a lot of typing and editing on a computer. The job requires her to do a lot of typing and editing on a computer. The job comes with a term life insurance equal to three times her annual salary and long-term disability insurance. The long-term disability insurance policy defines total disability as ‘any gainful occupation.’ The company does not provide health insurance and Annie has not purchased any health insurance herself. The financial planner recommends the following health insurance policy. The health insurance policy has a $2,000 deductible and 90% co-insurance clause. a. Suppose Annie was injured in an auto accident and cannot use her hands to type for six months. Her long-term disability insurance provider is willing to provide her training to use voice-activated software in lieu of using her hands to type. Is she able to receive her disability benefits from her long-term disability insurance? Explain. b. Explain why health insurance should be an integral part of a financial plan. c. Annie recently had knee surgery to remove a bone spur in a private hospital. Suppose Annie had purchased the health insurance policy. How much of the above expenses would be covered? https://academic.tips/question/annie-is-married-and-has-a-nine-year-old-daughter-she-was-recently-hired-by-an-educational-publishing-corporation-as-their-assistant-designer-in-the-kindergarten-division-the-job-requires-her-to-do/

References

Academic.Tips. 2021. "Annie is married and has a nine-year-old daughter. She was recently hired by an educational publishing corporation as their assistant designer in the kindergarten division. The job requires her to do a lot of typing and editing on a computer. The job requires her to do a lot of typing and editing on a computer. The job comes with a term life insurance equal to three times her annual salary and long-term disability insurance. The long-term disability insurance policy defines total disability as ‘any gainful occupation.’ The company does not provide health insurance and Annie has not purchased any health insurance herself. The financial planner recommends the following health insurance policy. The health insurance policy has a $2,000 deductible and 90% co-insurance clause. a. Suppose Annie was injured in an auto accident and cannot use her hands to type for six months. Her long-term disability insurance provider is willing to provide her training to use voice-activated software in lieu of using her hands to type. Is she able to receive her disability benefits from her long-term disability insurance? Explain. b. Explain why health insurance should be an integral part of a financial plan. c. Annie recently had knee surgery to remove a bone spur in a private hospital. Suppose Annie had purchased the health insurance policy. How much of the above expenses would be covered?" October 8, 2021. https://academic.tips/question/annie-is-married-and-has-a-nine-year-old-daughter-she-was-recently-hired-by-an-educational-publishing-corporation-as-their-assistant-designer-in-the-kindergarten-division-the-job-requires-her-to-do/.

1. Academic.Tips. "Annie is married and has a nine-year-old daughter. She was recently hired by an educational publishing corporation as their assistant designer in the kindergarten division. The job requires her to do a lot of typing and editing on a computer. The job requires her to do a lot of typing and editing on a computer. The job comes with a term life insurance equal to three times her annual salary and long-term disability insurance. The long-term disability insurance policy defines total disability as ‘any gainful occupation.’ The company does not provide health insurance and Annie has not purchased any health insurance herself. The financial planner recommends the following health insurance policy. The health insurance policy has a $2,000 deductible and 90% co-insurance clause. a. Suppose Annie was injured in an auto accident and cannot use her hands to type for six months. Her long-term disability insurance provider is willing to provide her training to use voice-activated software in lieu of using her hands to type. Is she able to receive her disability benefits from her long-term disability insurance? Explain. b. Explain why health insurance should be an integral part of a financial plan. c. Annie recently had knee surgery to remove a bone spur in a private hospital. Suppose Annie had purchased the health insurance policy. How much of the above expenses would be covered?" October 8, 2021. https://academic.tips/question/annie-is-married-and-has-a-nine-year-old-daughter-she-was-recently-hired-by-an-educational-publishing-corporation-as-their-assistant-designer-in-the-kindergarten-division-the-job-requires-her-to-do/.

Bibliography

Academic.Tips. "Annie is married and has a nine-year-old daughter. She was recently hired by an educational publishing corporation as their assistant designer in the kindergarten division. The job requires her to do a lot of typing and editing on a computer. The job requires her to do a lot of typing and editing on a computer. The job comes with a term life insurance equal to three times her annual salary and long-term disability insurance. The long-term disability insurance policy defines total disability as ‘any gainful occupation.’ The company does not provide health insurance and Annie has not purchased any health insurance herself. The financial planner recommends the following health insurance policy. The health insurance policy has a $2,000 deductible and 90% co-insurance clause. a. Suppose Annie was injured in an auto accident and cannot use her hands to type for six months. Her long-term disability insurance provider is willing to provide her training to use voice-activated software in lieu of using her hands to type. Is she able to receive her disability benefits from her long-term disability insurance? Explain. b. Explain why health insurance should be an integral part of a financial plan. c. Annie recently had knee surgery to remove a bone spur in a private hospital. Suppose Annie had purchased the health insurance policy. How much of the above expenses would be covered?" October 8, 2021. https://academic.tips/question/annie-is-married-and-has-a-nine-year-old-daughter-she-was-recently-hired-by-an-educational-publishing-corporation-as-their-assistant-designer-in-the-kindergarten-division-the-job-requires-her-to-do/.

Work Cited

"Annie is married and has a nine-year-old daughter. She was recently hired by an educational publishing corporation as their assistant designer in the kindergarten division. The job requires her to do a lot of typing and editing on a computer. The job requires her to do a lot of typing and editing on a computer. The job comes with a term life insurance equal to three times her annual salary and long-term disability insurance. The long-term disability insurance policy defines total disability as ‘any gainful occupation.’ The company does not provide health insurance and Annie has not purchased any health insurance herself. The financial planner recommends the following health insurance policy. The health insurance policy has a $2,000 deductible and 90% co-insurance clause. a. Suppose Annie was injured in an auto accident and cannot use her hands to type for six months. Her long-term disability insurance provider is willing to provide her training to use voice-activated software in lieu of using her hands to type. Is she able to receive her disability benefits from her long-term disability insurance? Explain. b. Explain why health insurance should be an integral part of a financial plan. c. Annie recently had knee surgery to remove a bone spur in a private hospital. Suppose Annie had purchased the health insurance policy. How much of the above expenses would be covered?" Academic.Tips, 8 Oct. 2021, academic.tips/question/annie-is-married-and-has-a-nine-year-old-daughter-she-was-recently-hired-by-an-educational-publishing-corporation-as-their-assistant-designer-in-the-kindergarten-division-the-job-requires-her-to-do/.

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