Craig and Jan Johnson Have a Health Insurance Policy with a $750

question 54

Multiple Choice

Craig and Jan Johnson have a health insurance policy with a $750 deductible and 35 percent coinsurance.Craig recently sustained $7,250 in medical expenses.How much will Craig and Jan pay?

• A)$1,788
• B)$2,538
• C)$3,025
• D)$6,500

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Definitions:

No-Par Share

Stock issued without a specified face value, where the board of directors determines its value.