What would be the out-of-pocket cost to an individual whose long-term care policy includes a 20 percent co-insurance clause? A current long-term illness has resulted in total expenses of $250000.

Question

Quizplus · Accepted Answer

The out-of-pocket cost with a 20 percent co-insurance clause would be 20 percent of the total expenses, which is $50,000 (20% of $250,000). Therefore, the correct answer is C.

What Would Be the Out-Of-Pocket Cost to an Individual Whose