Homework Answers
The amount of money that will be paid by the insurance policy will be,
- 80% of the medical expenditure will be paid by the insurance company as per the 80/20 coinsurance clause.
- The total expenses incurred for the surgery comes to 12500+10000=22500, out of which 500 is deductible.
- Therefore the final payable amount will be 22000.
- Insurance company will pay 80% that is 17600.
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