If the deductible is $300 and the co-payment is 20%, on a covered expense of $800 the individual will pay _____ and their insurance company will pay ______.

Question

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First, the individual pays the deductible of $300, reducing the covered expense to $500. Then, they pay 20% of the remaining $500 as co-payment, which is $100. So, in total, the individual pays $400 ($300 deductible + $100 co-payment), and the insurance company pays the remaining $400.

If the Deductible Is $300 and the Co-Payment Is 20