how much money will a patient using this insurance plan have to pay for a $4,500 medical bill from an…

how much money will a patient using this insurance plan have to pay for a $4,500 medical bill from an emergency room visit? health insurance plan deductible $2,000 co - insurance 20% out - of - pocket max $6,000 emergency copay $400 primary copay $30

how much money will a patient using this insurance plan have to pay for a $4,500 medical bill from an emergency room visit? health insurance plan deductible $2,000 co - insurance 20% out - of - pocket max $6,000 emergency copay $400 primary copay $30

Answer

Explanation:

Step1: Pay the deductible first

The deductible is $2000. The remaining bill amount after paying the deductible is $4500 - 2000=2500$.

Step2: Calculate co - insurance

The co - insurance is 20% of the remaining amount. So the co - insurance payment is $0.2\times2500 = 500$.

Step3: Calculate total patient payment

The total amount the patient has to pay is the deductible plus the co - insurance amount. So it is $2000 + 500=2500$. Since this is less than the out - of - pocket max of $6000$ and we are dealing with an emergency room visit, we don't consider the primary copay. Also, the emergency copay is not applicable in this calculation as the deductible and co - insurance are calculated first.

Answer:

$2500$