A how much of the bill will michael pay b how much of the


Michael recently had his gallbladder removed. His total bill for this event, which was his only health care expense for the year, came to $13,890. His health insurance plan had a $500 annual deductible and a 75/25 coinsurance provision. The cap on Michael's coinsurance share is $2000. Please show work.

a) How much of the bill will Michael pay?

b) How much of the bill will be paid by his insurance?

Solution Preview :

Prepared by a verified Expert
Finance Basics: A how much of the bill will michael pay b how much of the
Reference No:- TGS02523872

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)