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If a patient is insured by an indemnity plan and the charges are $125 and their...

If a patient is insured by an indemnity plan and the charges are $125 and their plan is an 80/20 plan, determine how much the patient will pay.

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Answer #1

80/20 insurance plan means

The insurance companies to spent at least 80% of the money and remaining 20% you should pay.

This rule sometime known as medical loss ratio or MRL.

So, the patient should be pay olnly 25$.

Calculation :-

How much patient will pay =  

a - 20% of total money

( calculation in the pic check....)   

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