Are you having trouble answering the question “Amy has a major medical policy with a $300 deductible and 80/20 coinsurance. She incurs a $5,000 covered loss. Which of the following is false?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
Amy has a major medical policy with a $300 deductible and 80/20 coinsurance. She incurs a $5,000 covered loss. Which of the following is false?
a. Amy pays the deductible and 20% coinsurance.
b. The insurer pays a total of $3,760.
c. Amy pays a total of $1,240.
d. The deductible is paid after coinsurance is paid.
Answer: d. The deductible is paid after coinsurance is paid.
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