Sylvia recently had her appendix removed. Her total bill for the surgery, which was her only...
- Sylvia recently had her appendix removed. Her total bill for the surgery, which was her only healthcare expense for the year, came to $11,500. Her health insurance plan has a $500 annual deductible and an 80/20 coinsurance provision. The cap on Sylvia’s coinsurance share is $1,500.
How much of the bill will Sylvia pay?
How much of the bill will be paid by Sylvia’s insurance?
Homework Answers
Bill Sylvia will pay = Her share of coinsurance subject to a maximum of $ 1,500 + annual deductible = min (20% x 11500, 1500) + 500 = 1,500 + 500 = $ 2,000
Bill paid by Sylvia's insurance = Total bill - payment by Sylvia = 11,500 - 2,000 = $ 9,500
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Sylvia recently had her appendix removed. Her total bill for
the surgery, which was her only...
Sylvia recently had her appendix removed. Her total bill for the surgery, which was her only healthcare...
Sylvia recently had her appendix removed. Her total bill for the surgery, which was her only healthcare expense for the year, came to $11,500. Her health insurance plan has a $500 annual deductible and an 80/20 coinsurance provision. The cap on Sylvia’s coinsurance share is $1,500. A. How much of the bill will Sylvia pay? B. How much of the bill will be paid by Sylvia’s insurance?
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