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3. You have a major medical policy with a $1,000 deductible and an 80/20 co-insurance(co-pay). How much would your insurance pay on a $50,000 medical
3. You have a major medical policy with a $1,000 deductible and an 80/20 co-insurance(co-pay). How much would your insurance pay on a $50,000 medical bill?
A. Less than $40,000
B. $46,000
C. $40,500
D. $46,500
3 a. Same coverage as #3, except the medical bill is $8,000.
A. $6,600
B. $5,600
C. $4,000
D. $6,000
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