In: Operations Management
Natalie's health insurance has no deductible and a $45 co-payment for all physician visits. Natalie visited the doctor for a sprained ankle on January 1st. The bill was $90. How much will Natalie pay for the visit?
Ans: $45
Explanation:
$45 will be paid by Natalie because the co-payment is $45, which is a fixed amount that must be borne by Natalie as per the insurance plan. So remaining $45 will be paid by the insurance company.