Question

Paco has a traditional health insurance plan. His deductible is $750. The level of co-insurance for his plan is 70/30 where 30 represents Paco’s portion. He also has a one-time co-payment of $20. If Paco incurs a $1,000 hospital bill, how much money will he owe out-of-pocket for the bill?
A.
$845
B.
$720
C.
$545
D.
$620

Answer 1

❏ Paco's co insurance covers 2.3%

❏ So that means 2.3% of $250 would be $5.75

• ✰Now we will add all of these✰

Amount of deductible + co insurance + co payment

❏ $750 + $5.75 + $20

❏ = $795.6

❏ Answer -: $795.6

Answer 2

Answer:

Explanation:

I hope this answer is write