Health Insurance: The entire family is insured under Bill's company plan (comprehensive major medical plan). There is a $200 family deductible, and it provides 80/20 major medical coverage. Bill's employer pays the entire health insurance premium.

Bill rented a 200 horsepower jet ski and while skiing his wife was taken to the emergency room with an injury. Bill saw the ambulance load Madelyn and while staring he skied into a boat causing damage to the ski, the boat, and to Bill. The boat owner had minor medical injuries.

Assuming Madelyn's hospital visit was $8,000, how much will the insurance company pay?

My take here is after taking $8,000-$200 (deductible) = $7,800, the insurance company will pay the 80% ($6,240) and Bill pays 20% ($1,560). Unless there is something I am missing, thanks!