Haiquao Wei is insured by an indemnity insurance plan that reimburses on a 75-25 basis. Mrs. Wei is seen in the office for a physical exam: the charges total $340. What is the amount to be billed to the insurance plan? What amount, if any, is due from the patient.
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Answer:
85 dollars by patient 255 dollars by company
Step-by-step explanation:
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to be Billed to insurance plan = 255 $ , due from the patient = $ 85
Step-by-step explanation:
Haiquao Wei is insured by an indemnity insurance plan that reimburses on a 75-25 basis.
=> out of 100 , 75 will be paid by insurance company & 25 will be paid by patient
=> 75 % by insurance company
& 25 % by Patient
Total Bill Amount = $340
to be Billed to insurance plan = (75/100) * 340
= 15 * 17
= 255 $
to be Billed to insurance plan = 255 $
due from the patient = 340 - 255 = $ 85
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