Suppose that you have private health insurance. Last year you were injured once, which represented the...

Suppose that you have private health insurance. Last year you were injured once, which represented the only time you had a medical expense. At the time, you paid $25 to see your doctor, who referred you to a specialist. The total bill for the specialist was $1,100. You paid the first $500, then 10% of the additional $600 (equal to $60). Which of the following is the deductible?

	a.	the difference between the $25 paid to the doctor and what the doctor actually received (that is, the amount the insurance company paid the doctor)
	b.	the $500 you paid toward the cost of the specialist
	c.	the $25 paid for the doctor visit
	d.	the $60 paid toward the cost of seeing the specialist

Solutions

Expert Solution

b.the $500 you paid towards the cost of the specialist.

The amount paid initially before any amount is received by the doctor under health insurance is called deductible.

here, $500 is paid initially so this amount will be the deductible.

jeff jeffy answered 1 year ago

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