Question

Erika Jacobi has Medicorp Insurance, which is an 80/20 policy. Her services today include an office visit ($80.00),

urinalysis ($25.00) and ECG ($120.00), which were billed to her insurance company. The insurance
approved/allowed $167.00 and paid 80% of the approved/allowed amount, and the patient will be responsible for
the remaining 20%; how much was the insurance check

Answer 1

The insurance check for Erika Jacobi's medical services under Medicorp Insurance's 80/20 policy was $133.60, which is 80% of the approved $167.00 by Medicorp Insurance.

Step-by-step explanation:

Erika Jacobi has Medicorp Insurance with an 80/20 co-insurance plan. We need to calculate how much the insurance check was after the approval and payment of certain medical services.

Step-by-Step Explanation

1. First, we add up the costs of the services: $80 (office visit) + $25 (urinalysis) + $120 (ECG) = $225 total charged.
2. Then, we recognize that the insurance approved/allowed $167 out of the $225 charged.
3. Since the insurance is an 80/20 policy, they pay 80% of the allowed amount. So, we calculate 80% of $167, which is 0.80 × $167 = $133.60.
4. Therefore, the insurance check was $133.60.

The patient is responsible for the remaining 20% of the allowed amount plus any charges not covered by the allowed amount.