Suppose that you have private health insurance. Last year you were injured once, which represented the only time you had a medical expense. At the time, you paid $25 to see your doctor, who referred you to a specialist. The total bill for the specialist was $1,100. You paid the first $500, then 10% of the additional $600 (equal to $60). Which of the following is the coinsurance? A) the $25 paid for the doctor visit B) the $60 paid toward the cost of seeing the specialist C) the difference between the $25 paid to the doctor and what the doctor actually received that is, the amount the insurance company paid the doctor D) the $1,100 that the specialist received

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Business

Monica Short

22 March, 08:18

Suppose that you have private health insurance. Last year you were injured once, which represented the only time you had a medical expense. At the time, you paid $25 to see your doctor, who referred you to a specialist. The total bill for the specialist was $1,100. You paid the first $500, then 10% of the additional $600 (equal to $60). Which of the following is the coinsurance? A) the $25 paid for the doctor visit B) the $60 paid toward the cost of seeing the specialist C) the difference between the $25 paid to the doctor and what the doctor actually received that is, the amount the insurance company paid the doctor D) the $1,100 that the specialist received

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Aleena Bishop · Answer 1

The $60 paid toward the cost of seeing the specialist

Explanation:

Coinsurance : This is the percentage of costs of a covered health care service you pay (20%, for example) after you've paid your deductible. Let's say your health insurance plan's allowed amount for an office visit is $600 and your coinsurance is 10%. If you've paid your deductible: You pay 10% of $600, or $60. So in the context of the question given $60 paid towards the cost of seeing the specialist is the coinsurance