Mark Winston's insurance carrier provides an 80:20 plan. When Mark goes to a physician for a service that costs $200, how much will Mark have to pay?

Name: Mark Winston's insurance carrier provides an 80:20 plan. When Mark goes to a physician for a service that costs $200, how much will Mark have to pay?
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Question

Quizplus · Accepted Answer

In an 80:20 insurance plan, the insurance pays 80% of the costs, and the insured pays the remaining 20%. For a $200 service, 20% of $200 is $40, which is what Mark will have to pay.

Mark Winston's Insurance Carrier Provides an 80:20 Plan