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1. Ashley has an individual medical expense insurance policy with a $1,000 calendar-year deductible and...

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1. Ashley has an individual medical expense insurance policy with a $1,000 calendar-year deductible and a 20 percent coinsurance clause. Ashley had outpatient surgery on her foot and incurred medical bills of $10,000. (a) How much will Ashley's insurer pay? (b) How much will Ashley have to pay? (c) If Ashley has a $3,000 out of pocket max what will her insurer pay? 2. Johnathon has an individual medical expense insurance policy with a $5,000 calendaryear deductible, $7,500 out of pocket limit, and an 80/20 coinsurance clause. He had total medical bills for the policy period of $15,000. (a) How much will the insurer pay? (b) How much will the insured have to pay? (c) If the insured has a $5,000 out of pocket max what will the insurer pay? 3. Alex has an individual medical expense insurance policy with a $6,000 calendar-year deductible with $6,000 out of pocket limit. He had total medical bills for the policy period of $15,000. (a) How much will the insurer pay? (b) How much will the insured have to pay

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