Choose the correct answers. Bill Campbell gets a student rate for medical insurance of $25.00 a month. There is a $250 deductible. He recently received treatment for a covered condition. The bill was $2,350.00 Bill's insurance company provided payment of 80% of the bill less the deductible.

A)What was the insurance company's payment?
B)What was Bill's share of the charge? $

You take the bill amount, and multiply that by .80

Then, you subtract the $250 deductible. That's what the insurance paid.

You take the amount the insurance paid, subtract it from the total bill, and that's what Bill paid.

Answer Link

chisnau chisnau · Answer 2 · 2019-07-18T19:48:53+02:00

Answer:

A : $1680

B : $670

Step-by-step explanation:

Bill Campbell gets a student rate for medical insurance of $25.00 a month.

The yearly amount is = [tex]12\times25=300[/tex] dollars

There is a $250 deductible. (This is to be paid by Bill)

The bill was $2,350.00

Bill's insurance company provided payment of 80% of the bill less the deductible.

Hence, the company paid [tex](2350-250)\times0.80=1680[/tex] dollars.

Bill's share can be calculated as :

[tex]2350-1680=670[/tex] dollars