If georgia has a health insurance policy that includes a deductible of $750 and a coinsurance of 20 percent. if her total bill is $2,750, the amount that the insurance will pay her is $1,600.
Insurance can be defined as a coverage that help to cover cost incase of unforeseen or unexpected circumstance.
Her amount due = Total bill- Deductible
Her amount due = ($2,750 - $750)
Her amount due = $2,000
Deductible = $750 + 20% ×$2000
Deductible = $750 + $400
Deductible = $1150
Now let calculate the amount the insurance company will pay
Amount = Total bill - Deductible
Amount = $2,750 - $1,150
Amount = $1,600
Therefore we can conclude that the insurance company will pay her the amount of $1,600.
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