7. You went to get treatment for a chronic condition in 2019. How much of a...
7. You went to get treatment for a chronic condition in 2019. How much of a $136,000 medical bill would you pay if your policy contains a $4000 deductible and a 20 percent coinsurance clause (that is applied after the deductible is met)?
Homework Answers
| first deductible is to be paid | $4,000 |
| next 20% of the balance amount is to be paid ($136,000-4000)*20% | 26,400 |
| total amount to be paid | $30,400 |
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