Your client, George, has a major medical policy with an 80% coinsurance provision, a $5,000 maximum out

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Your client, George, has a major medical policy with an 80% coinsurance provision, a $5,000 maximum out of pocket (MOOP), and a $1,000 deductible. George recently had a $1,500 medical expense.

calculate, how much must George pay?

Related Book For answer-question

Personal Financial Planning

ISBN: 9780357438480

15th Edition

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Feb 15, 2023 03:14 AM

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Your client, George, has a major medical policy with an 80% coinsurance provision, a $5,000 maximum out

Question:

Expert Answer:

First George needs to satisfy his deductible of 1000 which means he is responsible for pa... View the full answer

Personal Financial Planning

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