Georgia Is Considering Between Two Health Insurance Policies

question 67

Multiple Choice

Georgia is considering between two health insurance policies. One includes a deductible of $600 and the other includes a coinsurance of 20%. If a bill is $4,000, how much will she be required to pay under the policy with the coinsurance?

• A) $0
• B) $120
• C) $600
• D) $800
• E) $4,000

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Definitions:

Company's Own Stock

Shares of its own stock that a company has bought back from shareholders and holds in its treasury.

Financing Activities

Transactions and events where cash is raised or repaid to investors and creditors, part of a company’s cash flow statement.

Cash Inflow

Money entering a business from various sources, including sales, investments, financing activities, and more.

Issuing Bonds

The process of offering bonds to investors as a form of debt security, raising capital for the issuer.