Math Problem Statement
A PATIENT WAS SEEN IN THE OFFICE TODAY WITH SERVICES TOTALING $350.00. AFTER VERIFICATION IT IS DETERMINED THAT THE PATIENT IS COVERED BY ONE HEALTH INSURANCE PLAN AND COVERAGE INCLUDES AN ANNUAL DEDUCTIBLE OF $1,500.00 WITH 80/20 COINSURANCE. OTHER HEALTHCARE CHARGES HAVE BEEN PAID BY THE PATIENT THROUGHOUT THE YEAR AND $1,350.00 OF THE TOTAL DEDUCTIBLE HAS ALREADY BEEN MET. BASE ON THE DETAILS OF THIS SCENARIO DO THE MATH TO ANSWER THE QUESTIONS. WHAT IS THE PATIENT'S REMAINING DEDUCTIBLE THAT HAS NOT YER BEEN MET?
What is the remaining balance after today's charges and the remaining deductible is paid by the patient?
Solution
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Math Problem Analysis
Mathematical Concepts
Deductibles
Coinsurance
Mathematical Finance
Formulas
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Theorems
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Suitable Grade Level
Adult
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