Latest Miscellaneous Company Exam Aptitude Question SOLUTION: A Complany provides health insurance that pays 50.0% of the cost, with a $180.00 deductible. This means that the employees pays the first $180.00, after which the insurance compan

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(#M40034845) MISCELLANEOUS COMPAN Numerical Ability question Apps Keep an EYE

A Complany provides health insurance that pays 50.0% of the cost, with a $180.00 deductible. This means that the employees pays the first $180.00, after which the insurance company pays 150.0%. How much will an employee pay if his total medical bill is $1400.00?

Asked In Miscellaneous Company Exam (10 years ago)

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Ann Theressa  (10 years ago)

Amount employee pays = 180 + 50/100* (1400-180)
= 180 + 50/100*1220
= 180+610
= $790

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Ann Theressa  (10 years ago)

First the employee pays $180.
Remaining bill = 1400 - 180 = $ 1220

Insurance company pays 50%
= 50/100*1220
= $ 610

Remaining $610 is also paid by the employee

Total amount paid by employee = 180+610
=$790

Is this solution Helpfull? Yes (4) | No   

Deepika KV  (10 years ago)

A Company provides medical insurance that pays 50.0% of the cost, with a $180.00 deductible. This means that the employees pays the first $180.00, after which the insurance company pays 50.0%. How much will an employee pay if his total medical bill is $1400.00? pls ans this

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