Your health insurance requires a copay of $30 each time you see your doctor. You have...

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Your health insurance requires a copay of $30 each time you see your doctor. You have already met your $1000 deductible for t

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Answer 1

Answer #1

Since the deductible limit of $1000 is already exhausted for the year, Insurance company will now be liable under the copay clause. Hence the out of pocket amount to be paid to the doctor will be as follows-

Fees for 1 visit= $100

Copay liability= $30

Liability of Insurance Company=$100-$30= $70

Balance amount to be paid by you to the doctor = Doctor fees per visit - Insurance Liability under copay

= $100-$70

= $30

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Answer 2

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