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Jimmy was walking to get the mail; at which time he fell into a hole and broke his ankle. He has a PPO insurance plan. His total bill was $2,000. If Jimmy has a $1,000 deductible with an 80/20% co-insurance, how much total will Jimmy have to pay out of pocket? Show your work.

Respuesta :

Answer: [tex]\$1200[/tex]

Explanation:

Given

Total bill [tex]\$2000[/tex]

Deductible amount[tex]\$1000[/tex]

For [tex]80/20\%[/tex] co-insurance

[tex]80\%[/tex] is payable by the insurance company i.e. [tex]80\%\ of\ \$1000=\$800[/tex]

Rest [tex]\$200[/tex] will be paid by Jimmy

The total amount Jimmy has to pay= [tex]\$1000+\$200=\$1200[/tex]

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