Ask Question
18 March, 23:06

Suppose that you have private health insurance. Last year you were injured once, which represented the only time you had a medical expense. At the time, you paid $25 to see your doctor, who referred you to a specialist. The total bill for the specialist was $1,100. You paid the first $500, then 10% of the additional $600 (equal to $60). Which of the following is the coinsurance? A) the $25 paid for the doctor visit B) the $60 paid toward the cost of seeing the specialist C) the difference between the $25 paid to the doctor and what the doctor actually received that is, the amount the insurance company paid the doctor D) the $1,100 that the specialist received

+1
Answers (1)
  1. 18 March, 23:30
    0
    The $60 paid toward the cost of seeing the specialist

    Explanation:

    Coinsurance : This is the percentage of costs of a covered health care service you pay (20%, for example) after you've paid your deductible. Let's say your health insurance plan's allowed amount for an office visit is $600 and your coinsurance is 10%. If you've paid your deductible: You pay 10% of $600, or $60. So in the context of the question given $60 paid towards the cost of seeing the specialist is the coinsurance
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose that you have private health insurance. Last year you were injured once, which represented the only time you had a medical expense. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers