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How much do you pay

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Question 1 - Suppose you have a health insurance policy with a $1,000 deductible. The co-pay charge is $0, co-insurance is 10%, and out-of-pocket maximum is $5,000 for the calendar year. You have one medical procedure and the cost is $600. How much do you pay?

Question 2 - Suppose you have a health insurance policy with a $1,000 deductible. The co-pay charge is $0, co-insurance is 10%, and out-of-pocket maximum is $5,000 for the calendar year. You have one medical procedure and the cost is $3,000. How much do you pay?

Reference no: EM133151707

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