A health insurance policy pays 70 percent of physical therapy costs after a $400 deductible. In...

A health insurance policy pays 70 percent of physical therapy costs after a $400 deductible. In contrast, an HMO charges $21 per visit for physical therapy. How much would a person save with the HMO if he or she had 10 physical therapy sessions costing $40 each? (Do not round intermediate calculations.) Amount of savings:

Expert Solution

Cost with health insurance policy=10*40=$400 since 400 is deductible hence total cost=$400

cost with HMO=21*10=210

Hence savings=400-210=190

jeff jeffy answered 2 years ago

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