q8:08You recently had a surgery. Your total bill forthe surgery, which was your only healthcareexpense for the year, came to $12,890. Yourhealth insurance plan has a $500 annualdeductible and an 80/20 coinsur nce provision(meaning you will only pay 20% of the costs).Your coinsurance cap is $2,000.a) How much of the bill will you pay?b) How much of the bill will be paid by yourinsurance? |Ia123werS d fNOokayt yX с Vج ال..uspaceighjkbnI'm3ор|sendX

Working: a) Bill you will pay = your share of coinsurance subject to maximum of $2,000 + annual…

Answered: the surgery, which was your only…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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