Question

Sheldon has a traditional health insurance plan. He has a $200 deductible. The level of co-insurance for his plan is 90/10, where 10 represents Sheldon’s portion. He does not have a co-payment. If Sheldon incurs a $1,500 hospital bill, how much money will the insurance company pay for the bill?

a. $1,170

b.$1,350

c.$1,150

d.$970

Answer 1

$1500 - $200 deductible = 1300. Then he has to pay 10% of that or $130.

$1300 - 130 = $1170

Answer 2

$1500 - $200 deductible = 1300. Then he has to pay 10% of that or $130.

$1300 - 130 = $1170