Question

Tom dies after spending two weeks in the hospital. His hospital stay costs $300,000 and he had medical insurance that has a 20% co-payment.

What portion of the bill will the insurance company NOT pay?


$6,000


$30,000


$60,000


$2,000

Answer 1

c) Portion of the bill will the insurance company NOT pay is $60,000.

Explanation:

Here, the total bill of the hospital = $300,000

Now, the medical insurance has a co- payment of 20%

So, the amount of bill that company DO NOT pay = 20 % of the total bill

Calculating 20% of the bill :

20% of $300,000 =
`(20)/(100) * 300,000 = 60,000`

⇒ The co-payment on the bill of $300,000 is $60,000.

Hence, portion of the bill will the insurance company NOT pay is $60,000.