If your deductible is $400 and you have co-insurance of 25%,how much will you have to pay for a $5,000 hospital stay?
A)$400
B)$1,150
C)$1,250
D)$1,550
E)$1,650

Question

Quizplus · Accepted Answer

First, the deductible of $400 must be paid by the patient. Then, the patient will pay 25% of the remaining balance.

$5,000 - $400 = $4,600
$4,600 x 0.25 = $1,150

Therefore, the patient will pay a total of $1,550 ($400 + $1,150) for the hospital stay.

If Your Deductible Is $400 and You Have Co-Insurance of 25%,how