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Kim Barney pays a $290.00 annual premium for an insurance plan with a $500 deductible. The company pays 80% of the remaining expense. If Kim had $2,500.00 in medical expenses, calculate the following:
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So Far I've gotten these answers.are they correct? a. Kim's annual premium plus deductible $ _790_ b. The insurance company's payment of the medical expense. $_1,600 c. Kim's total medical expenses divided by her premium plus deductible (to nearest hundredth). _3.16_ d. Kim's medical expense less the insurance payment. $______ e. The percentage of her medical expense covered by insurance. _20_%
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