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Michael recently had his gallbladder removed.

Question # 00619850
Subject: Finance
Topic: Finance
Due on: 11/18/2017
Posted On: 11/18/2017 04:55 AM

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2. Michael recently had his gallbladder removed. His total bill for this event, which was his only health care expense for the year, came to $13,890. His health insurance plan had a $500 annual deductible and a 75/25 coinsurance provision. The cap on Michael's coinsurance share is $2000. Please show work.

a) How much of the bill will Michael pay?

b) How much of the bill will be paid by his insurance?

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Michael recently had his gallbladder removed.

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