Georgia is considering between two health insurance policies. One includes a deductible of $600 and the other includes a coinsurance of 20%. If a bill is $4,000, how much will she be required to pay under the policy with the coinsurance?

Question

Quizplus · Accepted Answer

With the deductible policy, Georgia would have to pay the first $600 of the bill. 
With the coinsurance policy, Georgia would pay 20% of the bill, which is $800. 
Therefore, the best choice is policy with the deductible of $600 because it will require the least out-of-pocket expense.

Georgia Is Considering Between Two Health Insurance Policies