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Andreas93 [3]
1 year ago
8

Carol Byrd gets a student rate of $30.00 a month for health insurance. There is a $250 deductible. She recently received treatme

nt for a covered condition. The bill was $2,300. Carol's insurance company provided payment of 80% of the bill less the deductible. If applicable, include a thousands comma and round each amount to the nearest dollar. What was the company's payment
Business
1 answer:
e-lub [12.9K]1 year ago
8 0

The company's payment = $1640,

Carol's total cost = $410.

<u>Step-by-step </u>

<u>Given:</u>

Bill amount = $2300

Amount of deductible = $250

Remaining amount is given by:

                                           =$2300-$250

                                          =$2050

Since Carol's insurance company provided paid 80% of the bill less the deductible.

So, the Company's Payment is given by:

Company Pays 80% which translates to 0.8

       Company Payment   = 0.8*2050

       Company Payment  = $1640

Carol's total cost after the payment of company is given by

                      Carol pays  = $2050 - $1640

                      Carol pays = $410

Hence, the company's payment was $1640, Carol's total cost was $410.

Learn more about Insurance on:

brainly.com/question/25855858

#SPJ4

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