Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. Nick has a comprehensive health care policy with a $250 per calendar year deductible a $2,000 out-of-pocket cap, and an 80% coinsurance provision. In
2. Nick has a comprehensive health care policy with a $250 per calendar year deductible a $2,000 out-of-pocket cap, and an 80% coinsurance provision. In January, Nick had a $600 claim which the insurance company paid $280. Nick experiences another unrelated claim in October resulting in total bills of $6,000. How much will Nick have to pay for the second claim?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started