Oliver has a medical illness that requires regular CAT scans throughout the year. His health insurance policy, through a coinsurance agreement, pays 60% of the cost for scans 1 – 5, 65% of the cost for scans 6 – 10, 70% of the cost for scans 11 – 15, and 75% of the cost for scans 16 – 20. Oliver is responsible for any scans over 20. If he receives 24 scans throughout a year at cost of $190 each, how much is Oliver’s out-of-pocket expense?

$1,995

$2,565

$1,235

$3,325

Question

Oliver has a medical illness that requires regular CAT scans throughout the year. His health insurance policy, through a coinsurance agreement, pays 60% of the cost for scans 1 – 5, 65% of the cost for scans 6 – 10, 70% of the cost for scans 11 – 15, and 75% of the cost for scans 16 – 20. Oliver is responsible for any scans over 20. If he receives 24 scans throughout a year at cost of $190 each, how much is Oliver’s out-of-pocket expense?

 $1,995

 $2,565

 $1,235

 $3,325