Question: Read the following scenario and then use the York University (YUFA) Supplemental Insurance Policy posted in Moodle to answer the questions that follow. Sabiq, a faculty member at York, had a serious accident while mountain biking und has been unable to work for the last 9 months. He's needed significant healthcare to help him recover from his injuries. It's now the end of the year (2016) and he w ants to calculate his benefit reimbursements. He has an annual salary of $120,000 and disposable income of $6,000 monthly. Below is a list of all his expenses:
Physiotherapy: $7, 200
Prescription drugs: $925
Qualified nursing care assistant $25,000
A cast/split for his leg: $1, 600
Osteopath: $4,000
Massage: $400
Acupuncture: $750
a. How much will Sabiq have to pay towards his deductible before any other health expenses are paid? Assume he is single with no dependents.
b. Ignoring the deductible, how much of Sabiq's health care expenses will be covered by his insurance?
c. If the accident happened on March 31, 2016, when did his long-term disability benefits start and how much was he paid each month for the remainder of 2016? Assume he receives disability government benefits of $600 per month.