Ask Question
24 January, 21:56

Bill Campbell gets a student rate for medical insurance of $25.00 a month. There is a $250 deductible. He recently received treatment for a covered condition. The bill was $2,350.00 Bill's insurance company provided payment of 80% of the bill less the deductible.

What was the insurance company's payment?

What was Bill's share of the charge?

+1
Answers (1)
  1. 24 January, 23:42
    0
    Total - deductible =

    2,350 - 250 = 2,100

    amount (80%) = amount insurance company payed)

    2,100 (80%) = $1,680

    total - amount insurance payed = amount Bill payed (not including deductible)

    2,100 - 1,680 = $420

    or

    total (20%) = amount Bill payed (not including deductible)

    2,100 (20%) = $420
Know the Answer?