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Nick has a comprehensive health care policy with a $250 per calendar year deductible a $2,000 out-of-pocket cap, and an 80% coinsurance provision. In January, Nick had a $600 claim which the insurance company paid $280. Nick experiences another unrelated claim in October resulting in total bills of $6,000. How much will Nick have to pay for the second claim?

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Financial Management, Finance

Category:- Financial Management
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