Answer :
To determine the out-of-pocket cost during a 20-day elimination period when the cost of care is [tex]$150 per day, follow these steps:
1. Identify the daily cost: The daily cost of care is $[/tex]150.
2. Identify the elimination period: The elimination period is 20 days.
3. Calculate the total cost: Multiply the daily cost by the number of days in the elimination period.
[tex]\[ \text{Total Out-of-Pocket Cost} = \text{Daily Cost} \times \text{Number of Days} \][/tex]
[tex]\[ \text{Total Out-of-Pocket Cost} = 150 \times 20 \][/tex]
4. Retrieve the calculated amount: The product of [tex]$150 and 20 equals $[/tex]3,000.
So, the out-of-pocket cost at claim time during a 20-day elimination period at [tex]$150 per day is: D) $[/tex]3,000
2. Identify the elimination period: The elimination period is 20 days.
3. Calculate the total cost: Multiply the daily cost by the number of days in the elimination period.
[tex]\[ \text{Total Out-of-Pocket Cost} = \text{Daily Cost} \times \text{Number of Days} \][/tex]
[tex]\[ \text{Total Out-of-Pocket Cost} = 150 \times 20 \][/tex]
4. Retrieve the calculated amount: The product of [tex]$150 and 20 equals $[/tex]3,000.
So, the out-of-pocket cost at claim time during a 20-day elimination period at [tex]$150 per day is: D) $[/tex]3,000