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You have a health insurance policy with a $500 annual deductible and $150 per day copayment for hospital expenses. You are hospitalized for five days and the bill (after group insurance discounts) comes to $10,000. How much of the hospital bill will you be expected to pay yourself?
a. $500
b. $750
c. $1,250
d. $8,750
c. You have a health insurance policy with a $500 annual deductible and $150 per day copayment for hospital expenses. You are hospitalized for five days, and the bill (after group insurance discounts) comes to $10,000. The hospital bill will you be expected to pay yourself is $1,250.
c. You have a health insurance policy with a $500 annual deductible and $150 per day copayment for hospital expenses. You are hospitalized for five days, and the bill (after group insurance discounts) comes to $10,000. The hospital bill will you be expected to pay yourself is $1,250.
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