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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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