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Find how much will have to pay for the surgery

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Problem 1: Ozzy has a group medical policy with a $500 annual deductible and an 80/20 coinsurance provision, with a $2,000 out-of-pocket limit on covered losses. Ozzy breaks his arm and has surgery that costs $12,000. How much will he have to pay for the surgery?

Reference no: EM132693330

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