Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Justin has a comprehensive auto insurance policy with a $100 deductible, with a 80/20 copay and a $200 out-of-pocket limit. Last week, their car was

image text in transcribed
"Justin has a comprehensive auto insurance policy with a $100 deductible, with a 80/20 copay and a $200 out-of-pocket limit. Last week, their car was crushed by a falling tree. This cost them $1,600 to replace the car. How much of this expense will they havve to pay out of pocket?" Question 2 6 pts 'Dina was just involved in a car accident and charged $9,100 in expenses as a result. If their insurance policy has a $7,400 deductible, a $7,400 out-ofpocket limit, and a 100/0 copay. What will be their out of pockect expense for this accident? Question 3 Thilip thas had a pretty bad year. This year alone, they bave had to be hospitalized three times - once foc three days in January, one cight in October. and again just overnight in December. Together, the bill for these medical services cost. total of $5,900, Fortinately, they have a health lnsurance policy. This policy has a $3,200 deductible. with a 80/20 copay and a $9,600 out-of pocket imit. How much total did ther have to pay out of their own pocket for these medicat expenses this year

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_2

Step: 3

blur-text-image_3

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

The FinTech Book The Financial Technology Handbook For Investors Entrepreneurs And Visionaries

Authors: Susanne Chishti, Janos Barberis

1st Edition

111921887X, 9781119218876

More Books

Students also viewed these Finance questions

Question

How to reverse a Armstrong number by using double linked list ?

Answered: 1 week ago