Financial Literacy Help!!

User Generated

Wbfvr12389

Business Finance

Description

If a prescription costs $100 and has a $20 copay (that YOU pay), how much will the insurance have left to pay? (Ignore the deductible.)

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Explanation & Answer

This is a fixed amount you pay each time you use a medical service , such as a doctor's office visit , prescription refill or a hospital stay. For example, if your prescription drug coverage includes a $20 copay, you pay $20 for each prescription and your insurance pays the balance.


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