Sheldon has a traditional health insurance plan. He has a $200 deductible. The level of co-insurance for his plan is 90/10, wher

Question

3 years ago

5

Sheldon has a traditional health insurance plan. He has a $200 deductible. The level of co-insurance for his plan is 90/10, wher

e 10 represents Sheldon’s portion. He does not have a co-payment. If Sheldon incurs a $1,500 hospital bill, how much money will the insurance company pay for the bill?

Health

2 answers:

miss Akunina [59] · Answer 1 · 2022-05-29T06:43:32+03:00

miss Akunina [59]3 years ago

5 0

The insurance company will pay $1350 of the bill

34kurt · Answer 2 · 2022-05-29T08:44:48+03:00

34kurt3 years ago

5 0

If Sheldon had a $1500 hospital bill, he would have to pay the first $200 which would leave $1300 balance. Of this balance, the insurance policy should cover 90% or $1170. So the balance he would pay would be $130 plus the $200 deductible for a total of $370.