Question

In a bill with a $1000 deductible and 30% coin insurance, where the bill was $2350, what is Bills' share of the charge?

a. $805
b. $650
c. $700
d. $575

Answer 1

To determine Bill's share from a $2350 bill with a $1000 deductible and 30% coinsurance, subtract the deductible from the total bill, calculate 30% of the remainder, and add the deductible back to this amount, resulting in Bill's share of $1405.

Step-by-step explanation:

To calculate Bill's share of the charge on a bill with a $1000 deductible and 30% coinsurance, where the bill is $2350, we follow these steps:

1. First, subtract the deductible from the total bill: $2350 - $1000 = $1350.
2. Then, calculate 30% of the remaining amount after the deductible: 30% of $1350 = 0.30 × $1350 = $405.
3. Add the deductible and the coinsurance amount to determine Bill's share: $1000 + $405 = $1405.

However, none of the options provided in the question match this answer, suggesting there may be an error in the question or in the choices given.