Mary Hernandez had a policy with a $500 deductible which paid 80% of her covered charges less deductible. She had medical expenses of $10,000.00

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Micheal Monroe

Mathematics

27 April, 04:59

Mary Hernandez had a policy with a $500 deductible which paid 80% of her covered charges less deductible. She had medical expenses of $10,000.00

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Gabrielle · Answer 1

First, you take the $500 off the top. The take 80% off $9500 so the company's share is $7600, Mary's copay is $2400, and her total cost is $2900 when you add the deductible back in.