Connie has an individual medical expense policy with a $1,000 deductible.She is required to pay 20 percent of covered expenses in excess of the deductible.The insurer will pay 80 percent of expenses in excess of the deductible.If Connie has eligible medical expenses of $26,000,how much will be paid by her insurer?
A)$10,000
B)$11,000
C)$20,000
D)$21,000

Question

Quizplus · Accepted Answer

After the $1,000 deductible, $25,000 remains. Connie pays 20% of this, which is $5,000. The insurer pays the remaining 80%, which is $20,000.

Connie Has an Individual Medical Expense Policy with a $1,000