Given the following information, how much will Carl and Jean\'s health insurance

Question

Given the following information, how much will Carl and Jean's health insurance pay over the three-year period?
Carl and Jean have a 19% coinsurance policy which means they pay 19% and the insurance pays 81%.
Suppose that their son George has a disease that lasts three years. In the first two years the medical costs for George are $14,617 per year.
In the third year his expenses were $1,695.
The rest of the family had total medical expenses of $1,489 per year, all included in their policy except for only $276 that was not covered by their policy.

Explanation / Answer

-Medical cost of george = 11,840

[$14,617 * 81%]

-Expense = 13730

[$16,950* 81%]

- Family expense =1,206

[1,489*81%]   

--------------

28,809

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