MCQ Questions
Q.1.
Lucy has a major medical policy with a $500 deductible and 80/20 coinsurance. Lucy is hospitalized and sustains a $2,500 bill. What is the maximum amount that Lucy will have to pay?a) $900 (deductible + 20% of the bill after the deductible [20% of $2,000]).b) $500 (amount of deductible).c) $1,000 (deductible + 20% of the entire bill).d) $2,500 (the entire bill).
  • 0%
    Conditions.
  • 50%
    a) $900 (deductible + 20% of the bill after the deductible [20% of $2,000]).d) $2,500 (the entire bill).Lucy would first pay the $500 deductible; out of the remaining $2,000, the insurer will pay80% ($1,600) and the insured will pay 20% ($400).
  • 50%
    6 months
  • 0%
    Any occupation - more restrictive