Mary Cardenas had a policy with a $500 deductible, which paid 80% of her covered charges less deductible. She had medical expenses of $12,500. Calculate:

the company's payment

Mary's 20% copayment

Mary's total cost

Question

Mathematics

Kaylie

30 June, 13:11

Mary Cardenas had a policy with a $500 deductible, which paid 80% of her covered charges less deductible. She had medical expenses of $12,500. Calculate:

the company's payment

Mary's 20% copayment

Mary's total cost

+3

Answers (1)

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Righty · Answer 1

First, you take the $500 off the top. The take 80% off $12000 so the company's share is $9600, Mary's copay is $2400, and her total cost is $2900 when you add the deductible back in.

Mary Cardenas had a policy with a $500 deductible, which paid 80% of her covered charges less deductible. She had medical expenses of $12,500. Calculate:the company's paymentMary's 20% copaymentMary's total cost

Mary Cardenas had a policy with a $500 deductible, which paid 80% of her covered charges less deductible. She had medical expenses of $12,500. Calculate:

the company's payment

Mary's 20% copayment

Mary's total cost