policy 2\npremium: $350 per month\ndeductible: $500 per year\ncopayment: $10 per doctor visit\ncoinsurance…

policy 2\npremium: $350 per month\ndeductible: $500 per year\ncopayment: $10 per doctor visit\ncoinsurance: 10% after the deductible is met\nout - of - pocket maximum: $2,000\npolicy 3\npremium: $250 per month\ndeductible: $1,000 per year\ncopayment: $15 per doctor visit\ncoinsurance: 15% after the deductible is met\nout - of - pocket maximum: $3,000\npolicy 4\npremium: $100 per month\ndeductible: $7,500 per year\ncopayment: $50 per doctor visit\ncoinsurance: 25% after the deductible is met\nout - of - pocket maximum: $8,000\ncatalina has policy 3 and has met the annual deductible. a recent hospital stay has resulted in a $1,500 bill.\nhow much of the bill will she have to pay out - of - pocket?\n$225\n$1,500\n$500\n$1,000

policy 2\npremium: $350 per month\ndeductible: $500 per year\ncopayment: $10 per doctor visit\ncoinsurance: 10% after the deductible is met\nout - of - pocket maximum: $2,000\npolicy 3\npremium: $250 per month\ndeductible: $1,000 per year\ncopayment: $15 per doctor visit\ncoinsurance: 15% after the deductible is met\nout - of - pocket maximum: $3,000\npolicy 4\npremium: $100 per month\ndeductible: $7,500 per year\ncopayment: $50 per doctor visit\ncoinsurance: 25% after the deductible is met\nout - of - pocket maximum: $8,000\ncatalina has policy 3 and has met the annual deductible. a recent hospital stay has resulted in a $1,500 bill.\nhow much of the bill will she have to pay out - of - pocket?\n$225\n$1,500\n$500\n$1,000

Answer

Explanation:

Step1: Identify applicable cost - sharing rule

Since Catalina has met the deductible, only coinsurance applies.

Step2: Calculate out - of - pocket amount

The coinsurance rate for Policy 3 is 15%. The hospital bill is $1500. So the out - of - pocket amount is $1500\times 0.15$. $1500\times0.15 = 225$

Answer:

$225$