Question

Your medical bill is $2345. Your health insurance covers 70% after a $120 deductible. What amount of the bill will you pay?

Answer 1

2345 - 120 = 2225
2225 / .7 = 1557.50
2345 - 1557.50 = 787.50
787.50 + 120 = 907.50

Answer 2

@TheSmartOne

Answer 3

i think i did this wrong

Answer 4

wait i already added in the deductible, 787.50 is the answer.?

Answer 5

No, you did it correct the first time

You accidentally put a / instead of * but you multiplied which is correct.

I think you're still having some tricks so I'll try to explain it again

You have this bill
Your have to pay your deductible first
Insurance will then pay their share, your pay the remaining

The total amount you pay can be calculated a few different ways
You found how much the insurance is paying after the deductible. Then you subtract and find out how much you were paying. Which is what you did.

It would be much easier to just multiply by how much you have to pay which is going to be 100% - the percentage insurance is posting

But anyways then you add in the deductible because that amount we just calculated only consists of how much you pay after you paid the deductible

Answer 6

Does that make more sense

Answer 7

i guess, i still got the answer in the end

Answer 8

Ye just trying to save you some time and work