Question

Arturo had hospitalization expenses of $8,300. Your policy for medical expenses Seniors have a deductible of $500 and expenses are paid at a 20% coinsurance. These are the first expenses ever this year, how much will Arturo have to pay in your bill for hospitalization expenses?

275

likes1375 views

Madelyn

4.7

70 Answers

Arturo will have to pay $1560.00 in his bill for hospitalization expenses.
Here's the breakdown:
Deductible: $500 (This is the fixed amount that Arturo must pay before the insurance company starts covering any expenses.)
Amount covered by insurance: $8300 - $500 = $7800
Coinsurance: 20% (This is the percentage of covered expenses that Arturo will have to pay.)
Amount to be paid by Arturo: $7800 * 20% = $1560.00
Therefore, Arturo will need to pay $1560.00 out of his own pocket for his hospitalization expenses.

Frequently asked questions (FAQs)

What is the equation of the logarithmic function whose graph passes through the points (1, 3) and (4, 1)?

+

Math question: Find the limit as x approaches 2 of (x^2 - 4) / (x - 2) using L’Hospital’s Rule.

+

What is the value of f(x) = 2x^2 + 5x - 3 when x = 3?

+

New questions in Mathematics