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? $
Accepted Solution
A:
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.