QUESTION 12 Abeer has a major medical pblicy with a 5200o deductible. She is required to pay 25 percent of covered expenses in excess of the deductble. The insurer will pay 75 percent of expenses in excess of the deductble. f Abeer has eligible medical expenses of $10.000. how much will be pad by her insurer? Da57.300 Ob. $7.500 C S0.800 Cd. $7.350

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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QUESTION 12
Abeer has a major medical pblicy with a 5200o deductible. She is required to pay 25 percent of covered expenses in excess of the deductble. The insurer will pay 75 percent of
expenses in excess of the deductble. f Abeer has eligible medical expenses of $10.000. how much will be pad by her insurer?
Da57.300
Ob. $7.500
C S0.800
Cd. $7.350
Transcribed Image Text:QUESTION 12 Abeer has a major medical pblicy with a 5200o deductible. She is required to pay 25 percent of covered expenses in excess of the deductble. The insurer will pay 75 percent of expenses in excess of the deductble. f Abeer has eligible medical expenses of $10.000. how much will be pad by her insurer? Da57.300 Ob. $7.500 C S0.800 Cd. $7.350
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A medical policy is a policy in which the medical expense of the insured person is paid by the insurer. This policy is a written agreement between the insured and the insured on which the term and conditions are written. In this policy, the percentage of the amount paid by the insurer is also determined. The eligible medical expense are those medical expenses in which the cost of the hospital visit, medical prescription, and the expense in case of injuries all are included and covered under the policy.

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