Erika Jacobi has Medicorp Insurance, which is an 80/20 policy. Her services today include an office visit ($80.00),
urinalysis ($25.00) and ECG ($120.00), which were billed to her insurance company. The insurance
approved/allowed $167.00 and paid 80% of the approved/allowed amount, and the patient will be responsible for
the remaining 20%; answer the following:

Respuesta :

The amount charged to the insurance was $180

What is Insurance?

This refers to the means of protection from financial loss that a person buys.

Hence, we can see that based on the 80/20 policy of Medicorp Insurance, the amount charged is:

80+25+120

=$225*80%

=$180

Read more about insurance here:

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