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iogann1982 [59]
3 years ago
6

Last year, Mary had a health insurance policy with a $750 deductible and 20% coinsurance. Her total medical expenses

Health
1 answer:
tatuchka [14]3 years ago
5 0

Answer:

Mary's total out-of-pocket costs = $3,250

Explanation:

<u>Formula:</u>

Deductible + Coinsurance dollar amount = Out-of-Pocket cost

<u>Step 1:</u>

The deductible amount that paid by the insured is $750.

<u>Step 2:</u>

The coinsurance dollar amount that paid by the insured – 20% of $12,500 = $2500

<u>Step 3:</u>

Deductible + Coinsurance dollar amount = Out-of-Pocket cost

$750 +  $2500 = $3,250

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