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You have a fee-for-service health insurance policy with 80/20 coverage. Your deductible is $750. In February,...

You have a fee-for-service health insurance policy with 80/20 coverage. Your deductible is $750. In February, you had a claim for a doctor’s visit for $250. In May, you have a minor surgical procedure at a clinic that cost $2500. (25 points) How much of this new claim will you have to pay?

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Answer #2

Deductible = $750

Claim for a doctor's visit = $250

Remaining deductible = (750-250) = $500

Share in expenses after deductible = 20%

Total Cost for surgical procedure = $2,500

After adjusting deductible, Remaining cost of surgical procedure = (2500-500) = $2,000

Thus,

You have to pay for new claim (surgical procedure):  

answered by: anonymous
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