Rusty has a major medical policy with a $450 deductible and 70/30 coinsurance. The policy has $10,000 stop loss coverage. How much is paid by the policy on a covered loss of $8,500?

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Rusty has a major medical policy with a $450 deductible and 70/30 coinsurance. The policy has $10,000 stop loss coverage. How much is paid by the policy on a covered loss of $8,500?

a. $5,635

b. $6,800

c. $8,050

d. $8,500

Answer: a. $5,635

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