the insurance company provided by darrell's company has a $1000 deductible and a 20% copay. how much will he have to pay for elbow surgery that will cost $9000?

Respuesta :

Based on his deductible and his copayment ratio, the amount he will pay for this surgery is $2,600.

Amount to be paid for surgery

Darrell will first have to pay the deductible and then he will pay for 20% of the cost of the surgery after the deductible is taken off.

Total cost is therefore:

= Deductible + ( 20% x ( Surgery amount - deductible))

= 1,000 + ( 20% x ( 9,000 - 1,000))

= 1,000 + 1,600

= $2,600

In conclusion, Darrell will pay $2,600.

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