Mr alston jacan is covered under a group health insurance


Question: Mr. Alston Jacan is covered under a group health insurance policy administered by his employers Nigeria Steel, Inc. This policy has an annual deductible of $8,000 and a coinsurance of 80%. Mr. Jacan presented medical bills on two occasions. The first bill in the sum of $7,000, how much reimbursement is he entitled to? He later submitted further medical bills amounting to $55,000, how much reimbursement is he entitled to?

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Finance Basics: Mr alston jacan is covered under a group health insurance
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