Ask Question
23 July, 01:20

An insured has a primary group health plan and an excess plan, each covering losses up to $10,000. The insured suffered a loss of $15,000. Disregarding any copayments or deductibles, how much will the excess plan pay?

+3
Answers (1)
  1. 23 July, 04:09
    0
    excess plan pay $5000

    Explanation:

    given data

    each covering losses = $10,000

    insured suffered a loss = $15,000

    solution

    we get here excess plan pay that is express as

    excess plan pay = insured suffered a loss - each covering losses ... 1

    put here value and we get excess plan pay that is

    excess plan pay = $15,000 - $10,000

    excess plan pay = $5,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An insured has a primary group health plan and an excess plan, each covering losses up to $10,000. The insured suffered a loss of $15,000. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers