If your deductible is $200 and you pay co-insurance of 20%,how much will you have to pay for a $3,000 hospital stay?
A)$200
B)$560
C)$600
D)$760
E)$800

Question

Quizplus · Accepted Answer

First, you will have to pay your deductible of $200. Then, your coinsurance of 20% will apply to the remaining $2,800 ($3,000 - $200).

20% of $2,800 is $560, so you will have to pay $560 in coinsurance.

Adding the deductible and coinsurance together, your total out-of-pocket cost for the hospital stay will be $760 ( $200 + $560).

Therefore, the best answer is D.

If Your Deductible Is $200 and You Pay Co-Insurance of 20%,how