Linda Frankell pays $50.00 a month for group health insurance. There is a $300 deductible. Her medical bills for the last year were $2,600.00. Linda's insurance company provided payment of 80% of the bills less the deductible.What was the insurance company's payment? $

What was Linda's total cost (including the monthly premium)? $

Answers

Answer 1

Answer: Linda Frankell Pays $50.00 a month towards group health insurance, so for a year, that is for 12 months, her premiums would be

Linda's premiums for 12 months = $50 × 12 = $600

Deductible is the amount Linda Frankell will have to pay each year as a policy holder towards her medical expenses before the insurance company pays its share.

Amount Linda pays towards deductible = $300

Linda's medical bills = $2,600.00
The insurance company will pay 80% of the bills less the deductible, which means, the insurance company will pay 80% of the ($2,600.00 - $300 deductible = $2,300.00)

∴ Amount the insurance company pays = 80% of $2,300.00 = $1,840.00

Amount Linda has to pay towards the $2,300.00 = $2,300.00 - $1,840.00 = $460.00

Linda's total cost = Linda's 12 months premiums + $300 deductible + $460 = $600 + $300 + $460 = $1,360.00

Insurance company's payment = $1840.00
Linda's total cost = $1,360.00

Related Questions

Write a compound inequality that represents the situation. On a road in the city of Rochester, the maximum speed is 50 miles per hour, and the minimum speed is 20 miles per hour.A. 20 > x > 50 B. 20 ≤ x ≤ 50 C. 20 ≥ x ≥ 50 D. 20 < x < 50
Graph the following equation using the slope intercept method 3x+5y=-15
Set up a proportion to solve for x in the following similar triangles.
A company rents diving equipment for a fixed amount plus a fee based on the number of days for which the equipment is rented. The table below shows the total charges, y, in dollars, of renting diving equipment for x number of days:Diving Equipment Rentals Number of Days (x) Total Charges (dollars) (y) 0 5 1 20 2 35 What is the fixed amount charged? $2 $5 $15 $20
A group conducted a poll of 2022likely voters just prior to an election. The results of the survey indicated that candidate A would receive 49% of the popular vote and candidate B would receive 46% of the popular vote. The margin of error was reported to be 5%. The group reported that the race was too close to call. Use the concept of a confidence interval to explain what this means.

Which of the following can be a solution to the inequality below?2x > 6.
Pls send help

Answers

Answer:

x>3

Step-by-step explanation:

you divide both sides by 2 then you get three. The sign remains the same.

Suppose a triangle has sides 3 4 and 5, which of the following must be true

Answers

You haven't given any options to select.
However, if this is the way of values we can check pythagoras theorem .

5^2 = 25

3^2 + 4^2
9 + 16
25

25 = 25

therefore we can say it is the right angle triangle

Is 9/12. Bigger than 3/4?

Answers

No it is the same and u will tell is u simplify 9/12 down

No,9/12 is equal to 3/4 because when you find the LCM of the number it is three then you multiply the number to 3/4 and you get 9/12.

or 9/12 is = to 3/4

Which numbers are factors of 40? select all that apply. 4 10 7 80 submit?

Answers

The factors of 40 from that list are 4, 8. and 80. A factor needs to be able to be divided by 40.

To get into the carnival, it costs $5. Then each ride costs $2.25. *Use a linear equation to solve the following:If you brought $35, how many rides can you go on?
How much would it cost altogether to ride 7 rides?