JoEllen has a major medical policy with a $500,000 lifetime aggregate limit, a $1,000 annual deductible and 80% coinsurance
Her health losses for the year include the following: hospital bills of $42,000; surgeon's fees of $14,000, prescription medication expenses of $5,000. How much will JoEllen's insurance pay for this loss?
A) $48,000
B) $48,800
C) $60,000
D) $61,000
A
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