in this section, youll consider how other types of insurance work. you have an insurance policy that you pay…

in this section, youll consider how other types of insurance work. you have an insurance policy that you pay a premium for every month. your insurance policy has a $1,500 annual deductible, a 20 percent co - insurance, and an out - of - pocket maximum of $3,000. you havent had any medical appointments yet this year, so you havent paid anything toward your deductible. you had a medical treatment, and the bill is $800 in total. how much of this bill can you expect to pay? $0 $640 $160 $800

in this section, youll consider how other types of insurance work. you have an insurance policy that you pay a premium for every month. your insurance policy has a $1,500 annual deductible, a 20 percent co - insurance, and an out - of - pocket maximum of $3,000. you havent had any medical appointments yet this year, so you havent paid anything toward your deductible. you had a medical treatment, and the bill is $800 in total. how much of this bill can you expect to pay? $0 $640 $160 $800

Answer

Explanation:

Step1: Compare bill with deductible

The bill is $800 and deductible is $1500. Since $800 < $1500, insurance doesn't kick in yet.

Answer:

$800