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Your Personal Health Insurance Policy Provides the Following Coverage

Question 3

Multiple Choice

Your personal health insurance policy provides the following coverage:
For all covered medical bills,you must pay a $100 annual aggregate deductible
After meeting that deductible,you must share in all additional expenses on a 90/10 basis
In any one year,your out-of-pocket maximum expenditure will not exceed $1,000
In 2009 you fall and crack your skull. The covered medical bills you incur total $7,100. How much will you have to pay for this loss,and how much will the insurer pay?


A) You pay $100, your insurer pays $7,000
B) You pay $800, your insurer pays $7,000
C) You pay $800, your insurer pays $6,300
D) You pay $1,000, your insurer pays $6,100

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