Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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A patient receives an $800 medical procedure. The patient has an insurance plan with a 70/30 coinsurance agreement and a $200 deductible which they have not met. The insurance allows $550 on the procedure and the provider will write off the difference in the cost. How much will the insurance responsible be responsible for? How much will the patient be responsible for?
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