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Margaret has a major medical policy with a $500 deductible, an 80/20 coinsurance provision, and a stop-loss limit of $10,000. She recently incurred $13,000 in
Margaret has a major medical policy with a $500 deductible, an 80/20 coinsurance provision, and a stop-loss limit of $10,000. She recently incurred $13,000 in covered medical expenses. How much will the insurance company pay for her claim? Show your work.
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