2013年10月22日星期二

Help with this finance question?

  • small business health insurance
  • insurance quotes health
  • bank accounts
  • tax deductible donations
Please explain how to as well as solve this problem.



Mike recently had his gallbladder removed. His total bill was $13,890. This has been his only health care expense this year. His health insurance plan has a $500 deductible and an 80/20 coinsurance provision. The cap on Mike's coinsurance share is $2000.


How much will Mike pay?


How much will be paid by the insurance?

Help with this finance question?

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