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​Mary Cardenas had a policy with a $500 deductible, which paid 80% of her covered charges less deductible. She had medical expenses of $12,500. Calculate:

Athe company's payment

$9,600

$12,000

$500

BMary's 20% copayment

$2,400

$500

$9,600

CMary's total cost

$2,900

$500

$2,400

Verified Answer :

pkmnmushy

Ok so let me help you in here:
After she pays $500 toward her medical expenses for the year, her insurance will pay 80% of the $12,500 cost. So
12,500 x .80 = 10,000. Then 12,500-10,000 = $2,500.
So you pay $2500 and the insurance company pays $10,000.
Hope this is useful

Answer:

a.The company's payment is $9,600

b.Mary's 20% co payment is $2400

c.Mary's total cost is $ 2900

Step-by-step explanation:

a.

The company's payment is 80% of the total minus the policy with a $500 deductible

=\(\frac{80}{100}(12,500-500) =\frac{8}{10}\cdot 12,000\)

=$9,600

therefore, the company's payment is $9,600.

b.

Mary's co payment=20% of total expenses minus $500 deductible.

∴ Mary's 20% co payment = @@MATH_TOKEN_1@@

=$2400

c.

Mary's total cost is $2400+$500=$2900.




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