If your co-insurance requires you pay %20 while insurance pays %80 and your bill is $1000 How much of the bill do you pay as the patient
As the patient, you would pay 20% of the bill, which amounts to $200 ($1000 multiplied by 0.20).
1. $800
2.$900
3.1000
4.$200
Apologies for the confusion. As the patient, you would pay $200 (option 4) of the $1000 bill.
If your co-insurance requires you to pay 20%, and your insurance covers the remaining 80% of the bill, and the total bill amount is $1000, here's how to calculate your share:
1. Calculate the 20% that you have to pay:
20% of $1000 = 0.2 × $1000 = $200
Therefore, as the patient, you would need to pay $200 of the total bill.
To calculate how much you would pay as the patient, you need to determine your co-insurance payment based on the percentage and the total bill amount.
In this case, your co-insurance is 20%, and the total bill amount is $1000. To find out how much you would pay, follow these steps:
Step 1: Calculate the co-insurance amount.
20% of $1000 = (20/100) * $1000 = $200
Step 2: Find the patient's portion.
Since the co-insurance payment is your responsibility as the patient, the amount you would pay is $200.
Therefore, as the patient, you would pay $200 of the $1000 bill when your co-insurance requires you to pay 20% while insurance pays 80%.