Ahospital/surgical expense policy was purchased for a family of four in march of 2013. the policy was issued with a $500 deductible and a limit of four deductibles per calendar year. two claims were paid in september 2013, each incurring medical expenses in excess of the deductible. two additional claims were filed in 2014, each in excess of the deductible amount as well. what would be this family's out-of-pocket medical expenses for 2013?

The answer is $1000.

Step-by-step explanation:

The policy was issued with a $500 deductible and a limit of four deductibles per calendar year.

As given that two claims were paid in September 2013, each incurring medical expenses in excess of the deductible.

So, the family's out-of-pocket medical expenses for 2013 will be :

dollars

As the limit was up to 4 deductibles in a calendar year, and in 2013, there were 2 claims, so that sums up to be $1000.

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step-by-step explanation:

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