Question

Nathaniel is 72-years-old and a heart attack survivor. His doctor tests his heart regularly with an electrocardiogram to ensure his heart has not worsened. Through a coinsurance agreement, his health insurance policy pays 65% of the cost for tests 1 – 4, 70% of the cost for tests 5 – 8, 75% of the cost for tests 9 – 12, and 80% of the cost for scans 13 – 16. Nathaniel must pay for any tests beyond the 16th. If each test costs $140 and he receives 22 each year, what is Nathaniel’s out-of-pocket expense?
@ganeshie8

Answer 1

Total cost of tests = 22 * 140 = ?

Answer 2

3080

Answer 3

next, calculate how much insurance pays him :

140( 4*0.65 + 4*0.7 + 4*0.75 + 4*0.8 )

= ?

Answer 4

1624

Answer 5

yes, subtract both

Answer 6

3080 - 1642 = 1456

Answer 7

out of pocket expense = "total cost" - "money paid by insurance"

Answer 8

1456 is right !

Answer 9

good job !!

Answer 10

thank u !

Answer 11

u wlc :)