Qd 69. Dirk required surgery for kidney impairment. His total bill for medical services was $50,000. Dirk has a medical expense policy with a$1,000 calendar-year deductible and a $4,000 annual out-of-pocket limit. His coinsurance percentage is 20 percent. The out-of-pocketlimit applies to coinsurance only. Assuming this surgery and hospitalization were the first medical care that Dirk received during the yearand that all of the hospital services were eligible for coverage under the policy, how much of the $50,000 bill will the insurer pay?

The insured has a medical insurance policy with deductible and coinsurance. We have to find the part…

Answered: Dirk required surgery for kidney…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter8: Taxation Of Individuals

Section: Chapter Questions

Problem 30P

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