achel's health insurance policy has a monthly premium of $500. She has a $1,000 nnual deductible, after which she pays 80% and the insurance company pays 20%. er maximum annual co-insurance is $2,000. /hat is Rachel's maximum out of pocket cost per year, not counting any co-pays she ight incur? O $2,000 O $3,000 O $3,500 O $9,000
achel's health insurance policy has a monthly premium of $500. She has a $1,000 nnual deductible, after which she pays 80% and the insurance company pays 20%. er maximum annual co-insurance is $2,000. /hat is Rachel's maximum out of pocket cost per year, not counting any co-pays she ight incur? O $2,000 O $3,000 O $3,500 O $9,000
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 41P
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Transcribed Image Text:Rachel's health insurance policy has a monthly premium of $500. She has a $1,000
annual deductible, after which she pays 80% and the insurance company pays 20%.
Her maximum annual co-insurance is $2,000.
What is Rachel's maximum out of pocket cost per year, not counting any co-pays she
might incur?
O $2,000
O $3,000
O $3,500
O $9,000
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