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Bob Katz has a $500 deductible, 80% coinsurance on the next $5000, health insurance policy. Bob's first accident for 2020 costs $7000. How much

Bob Katz has a $500 deductible, 80% coinsurance on the next $5000, health insurance policy. Bob's first accident for 2020 costs $7000. How much of it will come out Bob's pocket? $500 $1000 $1500 $3500

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