Question

Oliver has a medical illness that requires regular CAT scans throughout the year. His health insurance policy, through a coinsurance agreement, pays 75% of the cost for scans 1 - 5, 80% of the cost for scans 6 - 10, 85% of the cost for scans 11 - 15, and 90% of the cost for scans 16 - 20. Oliver is responsible for any scans over 20. If he receives 22 scans throughout a year at cost of $185 each, how much is Oliver's out-of-pocket expense?

Answer 1

i keep getting 980.5 but it not in answers :(

Answer 2

$185 * (22 - 20) = $370
(25 + 20 + 15 + 10) % * 5 * $185 = $693.75
=> Total out-of -pocket expense: $1, 063. 75

Answer 3

Thank you soooo much!! XDDD

Answer 4

I'm glad it's your first problem that I can help :)