Blake and Margie are two working adults that are covered by a comprehensive medical and major...

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Blake and Margie are two working adults that are covered by a comprehensive medical and major medical insurance policy with a $750 deductible per person, 80%/20% coinsurance provision, and an annual out-of-pocket maximum of $5,000. While playing dodgeball at the local gym, Blake tore his ACL and MCL and needed surgery to get the ligaments repaired. The surgery cost $35,000. There were no other health care costs incurred during the year. After the deductible, what is the amount that Blake will have to pay to bring his total out-of-pocket expenses up to the annual out-of-pocket maximum? How much money did Blake save by having a $5,000 out-of-pocket maximum versus a $8,000 out-of-pocket maximum on this one surgery? Blake and Margie are two working adults that are covered by a comprehensive medical and major medical insurance policy with a $750 deductible per person, 80%/20% coinsurance provision, and an annual out-of-pocket maximum of $5,000. While playing dodgeball at the local gym, Blake tore his ACL and MCL and needed surgery to get the ligaments repaired. The surgery cost $35,000. There were no other health care costs incurred during the year. After the deductible, what is the amount that Blake will have to pay to bring his total out-of-pocket expenses up to the annual out-of-pocket maximum? How much money did Blake save by having a $5,000 out-of-pocket maximum versus a $8,000 out-of-pocket maximum on this one surgery?