Respuesta :
Answer:
$1,400
Explanation:
Out-of-pocket expense refers to the payment you have to make for medical attention costs that are not reimbursed by your insurance like deductibles and coinsurance. In this case, you have to pay a $500 deductible and you are also responsible for the 20% of $4,500 that is the remaining amount as the insurance will cover the 80%. The total out of the pocket expense would be equal to the sum of the deductible plus the 20% of the reamining amount:
Out-of-pocket expense= 500+(4,500*20%)
Out-of-pocket expense= 500+900
Out-of-pocket expense= 1,400
According to this, your total out-of-pocket expense for the original $5,000 bill is $1,400.
