Question

You have the option to get a health insurance policy with a $200 deductible provision (per claim) for major medical procedures. The policy has a copay provision of 90/10 The premium for your insurance policy is $670 During a two-year period, you have two medical procedures for which you can file claims of $600 and $1300 dollars. How much money will you spend if you go without insurance?

Answer 1

The answer to how much money will you spend if you have insurance over these two years is 10,000.