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How much of the bill will be paid by mike insurance

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Mike recently had his gallbladder removed. His total bill for this surgery, which was his only health care expense for the year, came to $13,890. His health insurance plan has a $500 annual deductible and an 80/20 coinsurance provision. The cap on Mike's coinsurance share is $2,000. How much of the bill will Mike pay? How much of the bill will be paid by Mike's insurance?

Reference no: EM132491265

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