Greg has a traditional health insurance plan with a $250 deductible, 80/20 coinsurance, and a $6000...

Greg has a traditional health insurance plan with a $250 deductible, 80/20 coinsurance, and a $6000 out-of-pocket limit. His total health care bill is $8,760. How much of this bill will he end up paying?

Expert Solution

First $250 will be paid by Greg

The remaining $8760-$250=$8510 will be shared beteween the insurer and the insured.

Greg will pay 20%*8510=1702 as 1702+250=1952 is less than out of pocket limit of 6000

So Greg will pay total of 1702+250=$1952

jeff jeffy answered 2 years ago

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Greg has a traditional health insurance plan with a $250 deductible, 80/20 coinsurance, and a $6000...

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