Sally Jones pays $50.00 a month for group health insurance. There is a $300 deductible. Her medical bills for the last year were $2,600.00.

Question

Sally Jones pays $50.00 a month for group health insurance. There is a $300 deductible. Her medical bills for the last year were $2,600.00. Linda’s insurance company provided payment of 80% of the bills less the deductible. What was the insurance company’s payment?

0

Answers ( No )

    0
    2021-10-14T23:53:49+00:00

    Given

    Find out the  what was the insurance company’s payment .  

    To proof

    As given

    Sally Jones pays $50.00 a month for group health insurance

    There is a $300 deductible

    Her medical bills for the last year were $2,600.00

    Linda’s insurance company provided payment of 80% of the bills less the deductible.

    Deductible

    The  amount of money you will pay in an insurance claim before the insurance company starts paying you.

    medical bill reducing the deductible = $2,600 –  $300

                                                                 =  $2300

    80 % is written in the decimal form

    = \frac{80}{100}

    = 0.8

    than the equation becomes

    Linda’s insurance company provided payment  = 0.8× 2300

                                                                                    = $1840

    Therefore the the insurance company’s payment be  $1840 .

    Hence proved

       

Leave an answer

Browse
Browse