Carol Byrd gets a student rate of $30.00 a month for health insurance. There is a $250 deductible. 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.

Question

Carol Byrd gets a student rate of $30.00 a month for health insurance. There is a $250 deductible. 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)? $

Answer 1

.8(2300) - 250 = ?

.2(2300) + 250 = ?

Answer 2

To find the company's payment and Carol's total cost, we need to calculate a few things.

First, let's find out how much Carol needs to pay towards the deductible. The deductible is $250, so subtracting the deductible from the total bill, we get:

$2,300 - $250 = $2,050

Now, we need to calculate 80% of the bill after subtracting the deductible. This represents the insurance company's payment. To find that, we can multiply $2,050 by 80%:

$2,050 x 0.8 = $1,640

So, the insurance company's payment is $1,640.

To find Carol's total cost, we subtract the insurance company's payment from the total bill:

$2,300 - $1,640 = $660

Therefore, Carol's total cost (ignoring the monthly premium) is $660.