Connie has an individual medical expense policy with a $1,000 deductible. She is required to pay 20 percent of covered expenses in excess of the deductible. The insurer will pay 80 percent of expenses in excess of the deductible. If Connie has eligible medical expenses of $26,000, how much will be paid by her insurer?

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Timothy Graves

20 July, 06:25

Connie has an individual medical expense policy with a $1,000 deductible. She is required to pay 20 percent of covered expenses in excess of the deductible. The insurer will pay 80 percent of expenses in excess of the deductible. If Connie has eligible medical expenses of $26,000, how much will be paid by her insurer?

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Malcolm Stephens · Answer 1

She will be paid $20,000 by her insurer

Explanation:

Acording to the data, we have the following:

medical expenses of $26,000

medical expense policy with a $1,000 deductible

expenses in excess of the deductible that pay insurer 80%

Therefore, the amount to be paid by the insurer = (26000-1000) * 80%

=20000.