Amy Lou Young purchased a health insurance policy with a $500 deductible and 40 percent coinsurance.If Amy Lou incurs $6,500 in covered medical expenses,her policy will pay

Question

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First, subtract the deductible from the total expenses: $6,500 - $500 = $6,000. Then, calculate the insurance payment at 60% (100% - 40% coinsurance) of the remaining $6,000, which equals $3,600.

Amy Lou Young Purchased a Health Insurance Policy with a $500