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Your health insurance plan has the following features: Deductible: $700 Coinsurance: 80% insurance/20% you pay Out-of-Pocket Maximum: $6,000 Say you incur $7,000 worth of medical
- Your health insurance plan has the following features:
- Deductible: $700
- Coinsurance: 80% insurance/20% you pay
- Out-of-Pocket Maximum: $6,000
- Deductible: $700
- Coinsurance: 80% insurance/20% you pay
- Out-of-Pocket Maximum: $6,000
Say you incur $7,000 worth of medical expenses from a hospital visit. How much are you paying out of pocket
What would be your out-of-pocket cost for $25,000 of annual medical expenses? What about for $50,000?
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