Sal required surgery for a the removal of a tumor. His total bill for medical services was $90,000. Sal has a medical expense policy with a $1,000 calendar-year deductible and a $5,000 annual out-of-pocket limit. His coinsurance percentage is 20 percent. The out- of-pocket limit applies to coinsurance only. This surgery and hospitalization were the first medical care that Sal received during the year and that all of the hospital services were eligible for coverage under the policy. of which $ is for his deductible and $ Sal will pay a total of $ of the total bill. is for coinsurance. Sal's health insurer will pay $ of the expense. If Sal incurs a $700 covered medical expense later this year, he will pay $
Sal required surgery for a the removal of a tumor. His total bill for medical services was $90,000. Sal has a medical expense policy with a $1,000 calendar-year deductible and a $5,000 annual out-of-pocket limit. His coinsurance percentage is 20 percent. The out- of-pocket limit applies to coinsurance only. This surgery and hospitalization were the first medical care that Sal received during the year and that all of the hospital services were eligible for coverage under the policy. of which $ is for his deductible and $ Sal will pay a total of $ of the total bill. is for coinsurance. Sal's health insurer will pay $ of the expense. If Sal incurs a $700 covered medical expense later this year, he will pay $
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 37P
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Transcribed Image Text:Sal required surgery for a the removal of a tumor. His total bill for medical services was $90,000. Sal has a medical expense policy
with a $1,000 calendar-year deductible and a $5,000 annual out-of-pocket limit. His coinsurance percentage is 20 percent. The out-
of-pocket limit applies to coinsurance only. This surgery and hospitalization were the first medical care that Sal received during the
year and that all of the hospital services were eligible for coverage under the policy.
of which $
is for his deductible and $
Sal will pay a total of $
of the total bill.
is for coinsurance. Sal's health insurer will pay $
of the expense.
If Sal incurs a $700 covered medical expense later this year, he will pay $
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