how much money will a patient using this insurance plan have to pay for a $4,400 medical bill from an…

how much money will a patient using this insurance plan have to pay for a $4,400 medical bill from an emergency room visit? health insurance plan deductible $3,000 co - insurance 40% out - of - pocket max $6,000 emergency copay $300 primary copay $20

how much money will a patient using this insurance plan have to pay for a $4,400 medical bill from an emergency room visit? health insurance plan deductible $3,000 co - insurance 40% out - of - pocket max $6,000 emergency copay $300 primary copay $20

Answer

Explanation:

Step1: Subtract deductible

First, subtract the deductible from the medical - bill. The deductible is $3000 and the bill is $4400. So the remaining amount is $4400 - 3000=1400$.

Step2: Calculate co - insurance amount

The co - insurance rate is 40% or 0.4. The co - insurance amount is $0.4\times1400 = 560$.

Step3: Add deductible and co - insurance

The total amount the patient pays is the deductible plus the co - insurance amount. So it is $3000 + 560=3560$.

Answer:

$3560$