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adell [148]
3 years ago
5

Paco has a traditional health insurance plan. His deductible is $750. The level of co-insurance for his plan is 70/30 where 30 r

epresents Paco’s portion. He also has a one-time co-payment of $20. If Paco incurs a $1,000 hospital bill, determine how much money will he owe out-of-pocket for the bill.
Mathematics
2 answers:
liberstina [14]3 years ago
5 0

Answer:

the answer is $720

Step-by-step explanation:

lesya692 [45]3 years ago
4 0
<span>The traditional health insurance of Paco had a deductible of $750. Of the remaining value, his co-insurance for his plan had a policy of 70/30, the latter being his share. He also had a one-time co payment of $20. Of the $1,000 hospital bill, it will first be deducted by $750 giving only $250. Of this amount, he will pay only 30% which is equal to $75. Deducting another $20, he will pay for only $55.</span>
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