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31 August, 05:46

An insured has a primary group health plan and an excess plan, each covering losses up to $10,000. The insured suffered a loss of $15,000. Disregarding any copayments or deductibles, how much will the excess plan pay?

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  1. 31 August, 06:04
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    excess plan pay $5000

    Explanation:

    given data

    each covering losses = $10,000

    insured suffered a loss = $15,000

    solution

    we get here excess plan pay that is express as

    excess plan pay = insured suffered a loss - each covering losses ... 1

    put here value and we get excess plan pay that is

    excess plan pay = $15,000 - $10,000

    excess plan pay = $5,000
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