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Let's say your health insurance plan has the following features: Deductible:$500: Coinsurance: 80/20 (you pay the 20%; insurance company pays 80%); Out of pocket Maximum

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Let's say your health insurance plan has the following features: Deductible:$500: Coinsurance: 80/20 (you pay the 20%; insurance company pays 80%); Out of pocket Maximum or Stop-loss provision: $5,000 Now, let's say that you go to the hospital and incur $7,500 worth of medical expenses. How much do you have to pay out of pocket? (show computations)

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