Renee Carson's health insurance policy includes a $500 deductible and a coinsurance provision requiring her to pay 20 percent thereafter.Her medical bills total $7,000.What amount is she required to pay personally?

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Quizplus · Accepted Answer

First, Renee pays the $500 deductible. The remaining amount is $6,500 ($7,000 - $500). With the 20% coinsurance, she pays 20% of $6,500, which is $1,300. Adding the deductible, her total payment is $1,800 ($500 + $1,300).

Renee Carson's Health Insurance Policy Includes a $500 Deductible and a Coinsurance