how much money will a patient using this insurance plan have to pay for a $4,500 medical bill from an…
how much money will a patient using this insurance plan have to pay for a $4,500 medical bill from an emergency room visit?\nhealth insurance plan\ndeductible $2,000\nco - insurance 20%\nout - of - pocket max $6,000\nemergency copay $400\nprimary copay $30
Answer
Explanation:
Step1: Subtract deductible
First, subtract the deductible from the medical - bill. The deductible is $2000 and the bill is $4500. So, the remaining amount is $4500 - 2000=2500$.
Step2: Calculate co - insurance amount
The co - insurance rate is 20% or 0.2. Multiply the remaining amount by the co - insurance rate: $2500\times0.2 = 500$.
Step3: Add emergency copay
Add the emergency copay of $400 to the co - insurance amount. The total out - of - pocket cost is $500 + 400=900$.
Answer:
$900$