Question

Jimmy was walking to get the mail; at which time he fell into a hole and broke his ankle. He has a PPO insurance plan. His total bill was $2,000. If Jimmy has a $1,000 deductible with an 80/20% co-insurance, how much total will Jimmy have to pay out of pocket? Show your work.

Answer 1

Answer:
`\$1200`

Step-by-step explanation:

Given

Total bill
`\$2000`

Deductible amount
`\$1000`

For
`80/20\%` co-insurance

`80\%` is payable by the insurance company i.e.
`80\%\ of\ \$1000=\$800`

Rest
`\$200` will be paid by Jimmy

The total amount Jimmy has to pay=
`\$1000+\$200=\$1200`