Brent was treated for a broken leg at a cost of $2000. How much will the insurer pay for each of these losses?
Nick and Sheila Preston are married and have purchased a comprehensive major medical policy which co Show more Nick and Sheila Preston are married and have purchased a comprehensive major medical policy which covers them and their two sons Wally and Brent. The policy has a $500 calendar year family deductible a $2500 stop-loss provision and an 80% coinsurance clause. The following losses occur: On January 1 2004 Sheila was treated for an infection at a cost of $200 on July 1 2004 Wally was treated for an injury suffered while waterskiing at a cost of $10000 on December 5 2004 Nick underwent eye surgery at a cost of $5000 and on January 5 2005 Brent was treated for a broken leg at a cost of $2000. How much will the insurer pay for each of these losses? Show lessNick and Sheila Preston are married and have purchased a comprehensive major medical policy which co Show more Nick and Sheila Preston are married and have purchased a comprehensive major medical policy which covers them and their two sons Wally and Brent. The policy has a $500 calendar year family deductible a $2500 stop-loss provision and an 80% coinsurance clause. The following losses occur: On January 1 2004 Sheila was treated for an infection at a cost of $200 on July 1 2004 Wally was treated for an injury suffered while waterskiing at a cost of $10000 on December 5 2004 Nick underwent eye surgery at a cost of $5000 and on January 5 2005 Brent was treated for a broken leg at a cost of $2000. How much will the insurer pay for each of these losses? Show less
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