You have health insurance coverage that pays 75% of out-of-hospital expenses aftera $400 deductible. You incurred doctor and prescription medication expenses of$1090. What amount will the insurance company pay?

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Answered: You have health insurance coverage that…

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 40P

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You have health insurance coverage that pays 75% of out-of-hospital expenses after a $400 deductible. You incurred doctor and prescription medication expenses of $1090. What amount will the insurance company pay?