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29 January, 05:49

Carol Byrd gets a student rate of $30.00 a month. There is a $250 deductible; but no coinsurance payment. She recently received treatment for a covered condition. The bill was $2,300.00. Carol's insurance company provided payment of 80% of the bill less the deductible. What was the company's payment? What was Carol's total cost (ignoring the monthly premium) ?

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  1. 29 January, 06:02
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    Answer: Company Pays $1640

    Carol Bryd pays $410

    Explanation:

    The total bill is $2300 and the deductible needs to be taken out.

    $2300-$250

    =$2050

    Company Payment.

    Company Pays 80% which translates to 0.8

    0.8*2050

    = $1640 is the company Payment.

    Carol then pays the difference which is

    $2050 - $1640

    = $410

    Carol pays $410
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