Question

William Right broke his leg in an accidental fall. He has a deductible of $150 and a coinsurance payment equal to 20% percent of the cost less the deductible. The entire bill for medical services was $750.00.

How much did William pay? $

Answer 1

If William broke his leg in an accidental fall, he had to pay the amount of deductible ($150). While the insurance company has a coinsurance which is equal to 20% of cost less the deductible.So, since the entire bill for medical services = $750 then the cost less deductible = $750-$150=$600
Payment of coinsurance is given
\[\frac{ 20 }{ 100 } X 600 \]
\[= \frac{ 1}{ 5 } X 600 \]
Which brings the final cost to $120

Answer 2

@Vocaloid - May you check please? I feel like something isn't correct.