Question

You have a hospital bill of $14,000. You have an insurance plan that has a $2,000 deductible and a 20% coinsurance clause. How much do you pay towards the total bill?

Answer 1

4400

Explanation:

First take off your deductible

14000-2000

12000

Now find 20 % of this amount

12000*20%

12000 * .20

2400

You have to pay the deductible and the 20%

2000+2400