Laura’s medical insurance policy includes a $500 deductible. Laura is
Laura’s medical insurance policy includes a $500 deductible. Laura is required to pay 20 percent of covered expenses in excess of the deductible, and her insurer will pay 80 percent of covered expenses in excess of the deductible.
Laura was hospitalized and her covered medical expenses were $10,500. How much of the $10,500 will be paid by the insurer?
A) $7,500
B) $7,900
C) $8,000
D) $10,000
ANSWER
Answer: C
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