Bob has an individual medical expenses insurance policy with a $1,000 deductible and an 80-20% coinsurance clause. Bob h

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answerhappygod
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Bob has an individual medical expenses insurance policy with a $1,000 deductible and an 80-20% coinsurance clause. Bob h

Post by answerhappygod »

Bob has an individual
medical expenses insurance policy with a $1,000 deductible and an
80-20% coinsurance clause. Bob had an outpatient surgery and
incurred medical bills of $10,000. Later that year, he had a doctor
appointment and received a bill of $800. How much will Bob’s
insurer pay? How much will Bob have to pay? Consider these 2
scenarios:
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