Gina has a traditional health insurance plan. Her deductible is $500. The level of co-insurance for her plan is 80/20, where 20 represents Gina's portion. She does not have any co-payment. If Gina incurs a $2,300 hospital bill, how much money must she pay out of pocket for the bill?

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ZENelson ZENelson · Answer 1 · 2016-01-27T19:11:54+01:00

Her deductible is $500. So 2300-500=1800 20% of 1800 = 360

she will have to pay $360 plus $500 = $860

$860 out of pocket

$1440 pd by insurance

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chisnau chisnau · Answer 2 · 2019-08-26T13:25:23+02:00

Answer:

$860 is the answer.

Step-by-step explanation:

Gina's deductible is $500. Means she has to pay $500 from her pocket.

The level of co-insurance for her plan is 80/20, where 20 represents Gina's portion.

So, when Gina incurs a $2,300 hospital bill, the deductible has to be paid by her.

This is [tex]2300-500=1800[/tex] dollars

And 20% of 1800 = [tex]0.20\times1800=360[/tex]

Now the money Gina must pay out of her pocket for the bill will be = [tex]360+500=860[/tex] dollars

Hence, Gina will pay $860.