Question

Bill Campbell gets a student rate for medical insurance of $25.00 a month. There is a $250 deductible. He recently received treatment for a covered condition. The bill was $2,350.00 Bill's insurance company provided payment of 80% of the bill less the deductible.

What was the insurance company's payment?

What was Bill's share of the charge?

Answer 1

total - deductible =
2,350 - 250 = 2,100

amount (80%) = amount insurance company payed)
2,100 (80%) = $1,680

total - amount insurance payed = amount Bill payed (not including deductible)
2,100 - 1,680 = $420
or 
total (20%) = amount Bill payed (not including deductible)
2,100 (20%) = $420