Question

Kim Barney pays a $290.00 annual premium for an insurance plan with a $500 deductible. The company pays 80% of the remaining expense. If Kim had $2,500.00 in medical expenses, calculate the following.

Answer 1

if the company pays for 80% of the remainder($1710), they would be paying for $1368 of it.

10% of 1710 is 171

171x8=1368

The insurance company pays for $1368.

Kim Barney pays for $342