Kara has a health insurance policy with a $2,000 deductible, $4,000 out of pocketlimit, and 75/25 coinsurance clause. She had total medical bills of $10,000 for thepolicy period. How much does the insurer have to pay?$2,500$2,000$4,000$6,000

Kara's deductible is $2,000.00. This means she is responsible for paying the first $2,000 of her…

Answered: Kara has a health insurance policy with…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Kara has a health insurance policy with a $2,000 deductible, $4,000 out of pocket limit, and 75/25 coinsurance clause. She had total medical bills of $10,000 for the policy period. How much does the insurer have to pay? $2,500 $2,000 O $4,000 $6,000 D