Sally Jones had a policy with a $250 deductible which paid 80% of her covered charges less deductible. She had medical expenses of $18,240.00. What is Sally's total cost?

Question

Sally Jones had a policy with a $250 deductible which paid 80% of her covered charges less deductible. She had medical expenses of $18,240.00.  What is Sally's total cost?

tylermckinney16 · Answer

@Directrix

directrix · Answer

>> 80% of her covered charges less deductible

I assume Sally pays the first $250 and the insurance pays 80% of the remaining bill.

directrix · Answer

What is:

$18,240.00 -  $250 = ?

tylermckinney16 · Answer

$17990

directrix · Answer

$ 17 990

The insurance pays 80% of that amount which means that Sally pays 20% of $ 17 990. To that add the $250 deductible to her cost.

directrix · Answer

What is  20% of $ 17 990 ?

tylermckinney16 · Answer

$3598

directrix · Answer

To $3598, add the $250 she has to pay up front. That sum will be her final bill to pay.

tylermckinney16 · Answer

$3848 ?

directrix · Answer

$250 + $3,598 = $3,848   Correct