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***PLEASE SHOW STEPS, SO I CAN UNDERSTAND AND FOLLOW.**** (5 points) Assume there are two health insurance plans, Plan A and Plan B Plan A

***PLEASE SHOW STEPS, SO I CAN UNDERSTAND AND FOLLOW.**** image text in transcribed

(5 points) Assume there are two health insurance plans, Plan A and Plan B Plan A Plan B $1,000 annual premium $5,000 annual deductible enrollee pays 50% co-insurance on health care spending between $5,000 and $7,000 enrollee pays 25% co-insurance on health care spending between $7,000 and $10,000 Full insurance (enrollee pays nothing) on health care spending above $10,000 $5,000 annual premium No deductibl

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