Jermaine's health insurance policy has a deductible of $1,000,a $10 copayment on doctor visits,and coinsurance of 10% on all expenses other than those for which there are copayments.If Jermaine went to the doctor four times (doctor's fee is $40 per visit)and had a surgery that cost $2,000,how much of these expenses did Jermaine pay directly?

Question

Quizplus · Accepted Answer

First, let's calculate the cost of Jermaine's doctor visits. Since he went to the doctor four times, his copayment of $10 applies to each visit. So, the total cost of the doctor visits is:

4 x ($40 + $10 copayment) = $200

Next, we need to calculate Jermaine's coinsurance for the surgery. Since the surgery cost $2,000 and Jermaine has a deductible of $1,000, the insurance will cover $1,000 of the cost. This leaves Jermaine to pay the remaining $1,000 of the deductible, plus 10% of the remaining $1,000 of the surgery cost (since he has coinsurance of 10%).

So, Jermaine's coinsurance for the surgery is:

$1,000 (remaining deductible) + 10% x $1,000 (remaining surgery cost) = $1,100

Adding the cost of the doctor visits to the coinsurance cost for the surgery, we get:

$200 + $1,100 = $1,300

Therefore, Jermaine paid a total of $1,300 directly for his healthcare expenses. The best choice for the answer is D.

Jermaine's Health Insurance Policy Has a Deductible of $1,000,a $10