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Carol Byrd gets a student rate of $30.00 a month. There is a $250 deductible; but no coinsurance payment. She recently received treatment for a covered condition. The bill was $2,300.00. Carol's insurance company provided payment of 80% of the bill less the deductible.

What was the company's payment? ________



What was Carol's total cost (ignoring the monthly premium)? ____________

Verified Answer :

lakshaybhandari

Bill = $2,300 
Deductible = $250
$2,300 - $250 = 2050
Take 80% of $2,050
 80*2050 = $1640
Now $2050 - $1640 
Coral = $410.

Hope this helps :)

Answer: The company's payment was $1640,

and Carol's total cost was $410.

Step-by-step explanation:

since we have given that

Bill amount = $2300

Amount of deductible = $250

Remaining amount is given by

\(\$2300-\$250\\\\=\$2050\)

Since Carol's insurance company provided paid 80% of the bill less the deductible.

So, the company's payment is given by

\(\frac{80}{100}\times 2050\\\\=0.8\times 2050\\\\=\$1640\)

And Carol's total cost after the payment of company is given by

\(\$2050-\$1640=\$410\)

Hence, the company's payment was $1640,

and Carol's total cost was $410.

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