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An individual expects that an upcoming surgery will cost $5,000. Suppose this is the first medical expense of the year for that individual (they have
- An individual expects that an upcoming surgery will cost $5,000. Suppose this is the first medical expense of the year for that individual (they have not paid any part of their deductible so far). The individual has an insurance plan with a $1,000 deductible followed by a 20% coinsurance for any additional medical expenses during the year. What are the expected out-of-pocket expenses for this surgery?
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