Type of Policy | Who we pay to |
---|---|
Estate Policy (no beneficiary named) | Grant of Probate or Grant of Letters of Administration is required. |
Third Party Policy | policyholder |
Absolute/Conditional Assignment Policy | Assignee |
Total eligible hospital bill | $10,000 |
Deductible | - $ 3,500 |
$ 6,500 | |
Co-insurance ($6,500 x 10%) | - $ 650 |
Net Amount payable | $ 5,850 |