Multiple Choice
Suppose a person has a health insurance policy with a $500 calendar-year deductible,a $2,000 out-of-pocket cap,and an 80% coinsurance provision.If this person suffers a $600 covered loss,how much will the insurance company pay? (Assume no previous losses have occurred.)
A) $80
B) $100
C) $480
D) $600
E) Some other amount
Correct Answer:
Verified
Correct Answer:
Verified
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