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Assume that the people described are covered by a deductible and coinsurance health insurance plan with a $350/$700 deductible and 80% coinsurance. The out-of-pocket
Assume that the people described are covered by a deductible and coinsurance health insurance plan with a $350/$700 deductible and 80% coinsurance. The out-of-pocket maximum is $3,000. Assume that none of the individuals have submitted any insurance claims for the year prior to the ones described. Chet has claims totaling $28,500. How much will this insurance pay for these claims?
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