QUESTION # 1 Joe Smith, a Suffolk Student, has coverage under a medical insurace policy that specifies a $500,000 lifetime limit of protection, a $1,000 deductible, an 80 percent co-insurance cause, internal limits of $350 per day on hospital room and board, and $6,000 as the maximum payable surgical fee. When Joe was hospitalized for three days to remove a small tumor, he incurred these costs: - 1. Hospitalization: 3 days at $500 a day - 2. Surgical expense - $5,800 - 3. Other covered medical expenses - $3,800 - TOTAL MEDICAL EXPENSE: 22.322 QUESTIONS: - HOW MUCH IS THE TOTAL MEDICAL EXPENSE? - HOW MUCH WILL INSURANCE PAY FOR JOE'S EXPENSE - HOW MUCH WILL BE JOE'S EXPENSE? SHOW ALL YOUR CALCULATIONSJAH