Question

With a certain medical insurance​ policy, the customer must first pay an annual ​$100 ​deductible, and then the policy covers 60​% of the cost of​ x-rays. The first insurance claims for a specific year submitted by a person are for two​ x-rays. The first​ x-ray cost ​$690​, and the second​ x-ray cost ​$930. How​ much, in​ total, will he need to pay for these​ x-rays?

Answer 1

The net amount to be paid = $ 548

Step-by-step explanation:

Given;

Annual deductible amount paid by the customer = $ 100

The share paid by the policy cover = 60%

The share paid by the customer = 100% - 60% = 40%

The cost of the first x-ray = $ 690

The cost of the second x-ray = $ 930

The total amount paid for the x-ray = $ 690 + $ 930 = $ 1620

The amount paid by the customer = 40 % of the total x-ray cost

or

= 0.4 × $ 1620

or

= $ 648

Also, the $ 100 deductible amount is already paid by the customer

therefore, the net amount to be paid by the customer = $ 648 - $ 100

or

The net amount to be paid = $ 548