Question

Carol Byrd gets a student rate of $30.00 a month. There is a $250 deductible; but no coinsurance payment. She recently received treatment for a covered condition. The bill was $2,300.00. Carol's insurance company provided payment of 80% of the bill less the deductible.

What was the company's payment? ________


What was Carol's total cost (ignoring the monthly premium)? ____________

Answer 1

The insurance company's payment is $1,640. Carol's total cost is $660.

Step-by-step explanation:

To calculate the insurance company's payment, we first subtract the deductible from the total bill.

In this case, the deductible is $250, so the amount to be covered by the insurance is $2,300 - $250 = $2,050.

Now we need to find 80% of $2,050, which is $2,050 * 0.8 = $1,640.

Therefore, the insurance company's payment is $1,640.

Carol's total cost can be found by subtracting the insurance company's payment from the total bill.

So, $2,300 - $1,640 = $660.

Thus, Carol's total cost is $660.

Answer 2

Answer: The company's payment was $1640,

and Carol's total cost was $410.

Step-by-step explanation:

since we have given that

Bill amount = $2300

Amount of deductible = $250

Remaining amount is given by

`\$2300-\$250\\\\=\$2050`

Since Carol's insurance company provided paid 80% of the bill less the deductible.

So, the company's payment is given by

`(80)/(100)* 2050\\\\=0.8* 2050\\\\=\$1640`

And Carol's total cost after the payment of company is given by

`\$2050-\$1640=\$410`

Hence, the company's payment was $1640,

and Carol's total cost was $410.