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Paco has a traditional health Insurance plan. His deductible is $750. The level of co-Insurance for his plan Is 70/30 where 30 represents Paco's
portion. He also has one-time co-payment of $20. If Paco Incurs a $1,000 hospital bill, how much money will he owe out-of-pocket for the bill?

Respuesta :

Answer:

Total amount that Paco owe out of the pocket for the bill = $ 845

Explanation:

Paco's health insurance plan has a deductible of $750

One time of copayment is $20

Total account at hospital is $1000

The remaining sum after removing the deductibles = 1000 -750 = 250

30% of 250 = $75

Total amount that Paco owe out of the pocket for the bill

$750 + $75 + $20 = $ 845

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