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Chuck has an individual medical expense policy with a $500 calendar-year deductible, a $5,000 annual out-of-pocket limit, and 20 percent coinsurance. Chuck was hospitalized for
Chuck has an individual medical expense policy with a $500 calendar-year deductible, a $5,000 annual out-of-pocket limit, and 20 percent coinsurance. Chuck was hospitalized for a surgical procedure in January, his first health care treatment received during the year. The total bill was $10,500. Considering the deductible and coinsurance, how much of this amount must Chuck pay?
Question 33 options:
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$7,500
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$5,000
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$2,500
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$500
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