Andrea has a health insurance deductible of $5,000. Her medical bills for the year total $49,000. How much will she be required to pay out of pocket on her annual medical bills?A.$0B.$5,000C.$33,000D.$38,000SUBMITarrow_backPREVIOUS
Question
Andrea has a health insurance deductible of 49,000. How much will she be required to pay out of pocket on her annual medical bills?A.5,000C.38,000SUBMITarrow_backPREVIOUS
Solution
Andrea's health insurance deductible is the amount she must pay out of pocket before her insurance starts to cover her medical costs. In this case, her deductible is $5,000.
Her total medical bills for the year are $49,000.
Since her deductible is $5,000, she will have to pay this amount out of pocket. The rest of her medical bills should be covered by her insurance, assuming she doesn't have any co-insurance or co-payments to make.
So, the amount Andrea will be required to pay out of pocket on her annual medical bills is $5,000.
Therefore, the answer is B. $5,000.
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