Paul has the following health insurance policy $($with coinsurance$)$:

How much of the bill is Paul going to have to pay? Remember, there is a deductible and

coinsurance! $($Do not use a dollar sign, nor any commas, round to the nearest dollar if

necessary$).$ Paul has the following health insurance policy $($with coinsurance$)$:

Coinsurance $($Health$)$

Policy Period Jan $1-$ Dec. $31$

Aggregate Limit N$/$A

Aggregate Deductible $$1,000$

Coinsurance $80/20$

Example $1$

Loss Date Loss Amount

January $25$th $ $16,000\mathrm{.}00$

How much of the bill is Paul going to have to pay? Remember, there is a $$1,000$deductible and coinsurance! $($Do not use a dollar sign, nor any commas, round to the nearest dollar if necessary$).$