Georgio has a health insurance policy that includes a deductible of $400 and a coinsurance of 20%.

Georgio has a health insurance policy that includes a deductible of $400 and a coinsurance of 20%. If her total is $6000, how much will her insurance pay?

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Expert Solution

A deductible is the amount which the person will have to pay not the insurance companies.

A coinsurance percentage is the percentage for which insurance companies wont pay.

Here . Total bill = $6,000

deductible = $400

so bill to be paid = 6000 - 400 = $5600

coinsurance = 20%

So Insurance paid for Georgia = 5600*(1-20%) = 5600*80% = $4,480

jeff jeffy answered 2 years ago

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