Question

A patient's total surgery charges are $1,278. The patient must pay the annual deductible of $1,000, and the policy states a 80-20 coinsurance. What does the patient owe?

Answer 1

Answer:

The patient owe $1255.6 .

Step-by-step explanation:

As given

A patient's total surgery charges are $1,278.

The patient must pay the annual deductible of $1,000.

The policy states a 80-20 coinsurance.  (i.e 20% of the surgery amount is given by the patient .)

20% is written in the decimal form .

$= \frac{20}{100}$

= 0.20

20% of patients surgery cost  =  0.20 ×  $1278

                                                 = $ 255.6

Patients owe = Deductible cost + 20% of patients surgery cost

                      = $1000 + $255.6

                      = $ 1255.6

Therefore the patient owe $1255.6 .