Connie has an individual medical expense policy with a $1,000 deductible. She is required to pay 20 percent of covered expenses in excess of the deductible. The insurer will pay 80 percent of expenses in excess of the deductible
If Connie has eligible medical expenses of $26,000, how much will be paid by her insurer?
A) $10,000
B) $11,000
C) $20,000
D) $21,000
Answer: C
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Indicate whether the statement is true or false
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