Peter Has a Health Insurance Policy That Includes a Deductible

question 22

Multiple Choice

Peter has a health insurance policy that includes a deductible of $1,000, a coinsurance of 20%, and a stop-loss of $4,000. If his total bill is $20,000, how much will he pay?

• A) $1,000
• B) $3,800
• C) $4,000
• D) $4,800
• E) $19,000

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Definitions:

Problem-Solving Reaction

The response or method employed by individuals or groups to confront and resolve challenges and obstacles.

Rationalization

The process of justifying behaviors or decisions with seemingly logical reasons, often to hide the true motives.

Delegation

The process of assigning and entrusting responsibilities and authority from one person to another, typically from a manager to their subordinate.

Time Management

The process of organizing and planning how to divide one's time between specific activities efficiently.