how much will a patient pay out of pocket for a $600 major procedure if the deductible has already been…

how much will a patient pay out of pocket for a $600 major procedure if the deductible has already been paid? dental insurance preventative exam 100% minor restorative 80% major restorative 50% deductible $50.00 maximum benefit $1,500.00 monthly premium $30.00

how much will a patient pay out of pocket for a $600 major procedure if the deductible has already been paid? dental insurance preventative exam 100% minor restorative 80% major restorative 50% deductible $50.00 maximum benefit $1,500.00 monthly premium $30.00

Answer

Explanation:

Step1: Identify insurance - coverage rate

The major procedure is a major restorative service with 50% coverage.

Step2: Calculate patient's out - of - pocket cost

The cost of the procedure is $600. The patient pays (1 - 0.5) of the cost. So the out - of - pocket cost is $600\times(1 - 0.5)$. $600\times(1 - 0.5)=600\times0.5 = 300$

Answer:

$300$