Frank has a major medical policy with a $300 deductible and 80/20 coinsurance. The policy has $10,000 stop-loss coverage. How much is paid by the policy on a covered loss of $7,500?

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Frank has a major medical policy with a $300 deductible and 80/20 coinsurance. The policy has $10,000 stop-loss coverage. How much is paid by the policy on a covered loss of $7,500?

a. $2,160

b. $5,760

c. $6,000

d. $7,500

Answer: b. $5,760

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