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?

Answer 1

$1,170.00 He pays the first $200 deductible, which leaves $1300, then the insurance pays 90% of that, which is $1170