What amount does the insurance company pay for a $250 prescription if you have a $30 copayment plus 15% coinsurance policy?

Name: What amount does the insurance company pay for a $250 prescription if you have a $30 copayment plus 15% coinsurance policy?
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Question

Quizplus · Accepted Answer

First, subtract the copayment from the total cost: $250 - $30 = $220. Then, apply the 15% coinsurance to the remaining amount: 15% of $220 = $33. Finally, add the copayment back to find the total amount the insurance pays: $220 - $33 = $187.

What Amount Does the Insurance Company Pay for a $250