Question

Suppose that under your health insurance policy, hospital expenses are subject to a $750 deductible and $150 per day copay. You get sick and are hospitalized for 4 days, and the bill (after your insurance discounts are applied) comes to $6,250. How much of that hospital bill will you have to pay yourself?

Answer 1

$4900

Explanation:

It is given that,

According to health insurance policy, hospital expenses are subject to a $750 deductible and $150 per day copay.

If a person hospitalized for 4 days, it would mean that charges will be ($150 × 4 = $600 per day).

Total amount given by insurance policy = $750 + $600 = $1350

The bill for 4 days come out to be $6,250.

The person have to pay ($6,250-$1350) = $4900 itself.