Question
A health insurance policy contains a $200 calendar-year deductible, an 80 percent coinsurance provision, and a $2,500 stop loss amount. If a $10,000 covered claim
-
A health insurance policy contains a $200 calendar-year deductible, an 80 percent coinsurance provision, and a $2,500 stop loss amount. If a $10,000 covered claim is the only claim made this year, the insurance company will pay:
a.
$7,500
b.
$7,840
c.
$2,200
d.
$7,800
A health insurance policy contains a $200 calendar-year deductible, an 80 percent coinsurance provision, and a $2,500 stop loss amount. If a $10,000 covered claim is the only claim made this year, the insurance company will pay:
| a. |
$7,500 | |
| b. |
$7,840 | |
| c. |
$2,200 | |
| d. |
$7,800 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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
Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
