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How much will Bob insurance pay for this loss

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Question - Bob has a major medical policy with a $500,000 lifetime aggregate limit, a $500 annual deductible and 75% participation provision. His health losses for the year include the following: hospital bills of $35,644; surgeon's fees of $14,476, prescription medication expenses of $4,730. How much will Bob's insurance pay for this loss?

Reference no: EM133075711

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