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Gabriel has a health insurance policy with a $300 calendar year deductible, and he is is required to pay 20% of eligible costs up to
Gabriel has a health insurance policy with a $300 calendar year deductible, and he is is required to pay 20% of eligible costs up to a $2,500 out-of-pocket cap. If he suffers a $900 covered loss, how much will the insurance company pay? (Assume no previous claims have occurred this year.) Answers: A. $420 B. $80 C. $720 D. $480 E. $900
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