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Luba_88 [7]
3 years ago
12

Veronica was recently diagnosed with a heart condition. Her doctor's bill was $4,200 for the diagnostics Her policy has a $250 d

eductible and a 80/20 coinsurance provision up to $10,000 and then the insurance pays 100% thereafter. In total, how much will Veronica pay for her diagnosis?
A) $10,000

B) $1,040

C) $4,200

D) $250
Business
1 answer:
Aneli [31]3 years ago
3 0

Answer:

Option (B).

Explanation:

According to the scenario, computation of the given data are as follows:

Doctor's bill = $4,200

Deductible amount = $250

Insurance company pays = 80%

Veronica pays = 20%

So, we can calculate the total amount veronica pay by using following formula:

Veronica Pay amount = [( Doctor's bill - Deductible amount ) × Veronica pays%] + Deductible amount

= [($4,200 - $250) × 20%] + $250

= $790 + $250

= $1,040

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