Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

D. Tom's insurer will pay $54,000 and Kat's insurer will pay duww. 19. Amy's health insurance includes a 20-80 coinsurance provision, after a $250 deductible

image text in transcribed
D. Tom's insurer will pay $54,000 and Kat's insurer will pay duww. 19. Amy's health insurance includes a 20-80 coinsurance provision, after a $250 deductible is satisfied. There is also a stop-loss limit of $5,000 in the policy. Amy needed medical attention and the covered medical expenses totaled $25,250. How will this claim be settled? A. Amy pays $5,250 and her insurer pays $20,000. B. Amy pays $250 and her insurer pays $25,000. C. Amy pays $5,050 and her insurer pays $20,200. D. Amy pays $5,000 and her insurer pays $20,250

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Fast And Frugal Finance

Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi

1st Edition

0128124954, 978-0128124956

More Books

Students also viewed these Finance questions

Question

My opinions/suggestions are valued.

Answered: 1 week ago