Are you having trouble answering the question “John has a major medical policy with an $800 deductible and 70/30 coinsurance. He incurs a $10,000 covered loss. Which of the following is true?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
John has a major medical policy with an $800 deductible and 70/30 coinsurance. He incurs a $10,000 covered loss. Which of the following is true?
a. John pays a total of $800.
b. John pays a total of $3,560.
c. The insurer pays a total of $3,800.
d. The insurer pays a total of $9,200.
Answer: b. John pays a total of $3,560.
You should now have gotten the answer to your question “John has a major medical policy with an $800 deductible and 70/30 coinsurance. He incurs a $10,000 covered loss. Which of the following is true?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
