Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. with a certain medical insurance? policy, the cust

With a certain medical insurance? policy, the customer must first pay an annual ?$100 ?deductible, and...

Free

60.1K

Verified Solution

Question

Advance Math

With a certain medical insurance? policy, the customer mustfirst pay an annual ?$100 ?deductible, and then the policy covers80?% of the cost of? x-rays. The first insurance claims for aspecific year submitted by a person are for two? x-rays. The first?x-ray cost ?$620?, and the second? x-ray cost ?$960. How? much, in?total, will he need to pay for these? x-rays?

Answer & Explanation Solved by verified expert
3.6 Ratings (318 Votes)

Since, policy covers 80% of x-ray cost.

So, customer has to pay 20% of x-ray cost.

Total cost of two x-rays = $960 + $620 = $1580

So, amount to be paid by customer

=20% of $1580

= $(1580×20/100) = $316.

But ,$100 is deductible.

So, total cost to be paid by customer = $(316-100)

= $216. Ans.
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A company is considering purchasing a new machine that would cost $60,000 and the machine would...

Finance
Q

Directions: Use SPSS to compute the Regression Line. Problem: Using the following set of data and...

Basic Math
Q

Sales personnel for Skillings Distributors submit weekly reports listing the customer contacts made during the week....

Statistics
Q

A solution containing 3.48 mM X (analyte) and 1.67 mM S (internal standard) gave peak areas...

Chemistry
Q

G1.1. Effective managers accept the political nature of organizations. Examine the individual and organizational factors that influence...

Psychology
Q

Use the long division method to find the result when 16x4 + 4x 30x+x+10 is...

Basic Math
Q

Find the area of a triangle with legs that are: 9 mm, 6 mm, and...

Basic Math
Q

A firm has sales of $2,000,000, variable cost of $1,200,000 and fixed cost...

Accounting
Q

Explain how fiscal indiscipline and higher than anticipated fiscal deficits contribute to the depreciation of...

Accounting
Q

Which of the following do not qualify as deductible medical expenses? I. Transportation to physicians...

Accounting
Q

Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold...

Accounting
Q

During the last year, Hansen Company had operating income under absorption costing that was $6,000...

Accounting