How much will Bob insurance pay for this loss

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Question - Bob has a major medical policy with a $500,000 lifetime aggregate limit, a $500 annual deductible and 75% participation provision. His health losses for the year include the following: hospital bills of $30695; surgeon's fees of $13551, prescription medication expenses of $2,770. How much will Bob's insurance pay for this loss?

Reference no: EM133095706

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