Tyler owns a major medical policy with 70/30 coinsurance and a $3,000 deductible. if he submits a claim for $20,000, how much will he pay?

$8,100

Step-by-step explanation:

Tyler owns a major medical policy with 70/30 coinsurance and a $3,000 deductible. If he submits a claim for $20,000, how much will he pay?

Tyler pays $8,100.

It can be calculated thus as $20,000 - $3,000 = $17,000.

So $17,000 x .30 = $5,100.

The sum of  $3,000 deductible with the $5,100 coinsurance

($3,000 + $5,100= $8,100).

The correct answer is: $8,100  

Insurance is a from of protection against financial loss. it is a type of risk management strategy used by businesses and individual entities.The entity that provides insurance is known as an Insurer

answer: h

step-by-step explanation: