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1. A patient is not sure he
understands his new
insurance policy. He is going to have a colon-
oscopy procedure, which will cost $3,350. There
Is a co-pay of $30 and the co-insurance is 20%.
The annual deductible is $1,000, of which the
patient has met $325. What amount will the
patient have to pay?

Respuesta :

Regarding the insurance, the amount that the policy holder will pay will be $675.

How to illustrate the information?

It should be noted that in insurance, the deductible simply means the amount that will be paid by the policy holder.

From the information, the patient is not sure he understands his new insurance policy as there is a co-pay of $30 and the co-insurance is 20%. The annual deductible is $1,000, of which the patient has met $325.

Since the annual deductible is $1,000, of which the patient has met $325, the amount left to pay will be:

= $1000 - $325

= $675

Learn more about insurance on:

brainly.com/question/25855858

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