Bret Parks has group health insurance. His coverage has a $200 deductible. He was recently treated for a covered condition. The costs totaled $3,500.00. Bret's insurance company provided payment of 80% of the bills less the deductible.

What was the insurance company's payment? $

What was Bret's total cost? $

Question

Mathematics

Jaeden Yates

30 October, 21:20

Bret Parks has group health insurance. His coverage has a $200 deductible. He was recently treated for a covered condition. The costs totaled $3,500.00. Bret's insurance company provided payment of 80% of the bills less the deductible.

What was the insurance company's payment? $

What was Bret's total cost? $

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Answers (1)

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Adam Walter · Answer 1

3500 - 200 = 3300 ... what is owed after the deductible is paid

0.80 (3300) = 2640 < = = insurance companies payment

(3300 - 2640) + 200 = 660 + 200 = 860 < = = what Bret paid