Yvonne has a hospital bill of $19,500 with a $500 deductible and her plan pays 80% after that. What is her total payment?

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Prepare for your Accident and Health Insurance Agent/Broker Exam. Use flashcards and multiple choice questions to enhance your knowledge. Each question includes hints and explanations. Get exam-ready now!

To determine Yvonne's total payment for her hospital bill, start by calculating how the health insurance plan applies to her situation.

First, she must first pay her deductible of $500. This amount is subtracted from her total hospital bill of $19,500. After the deductible is applied, the remaining hospital bill would be $19,500 - $500, which equals $19,000.

Next, the insurance covers 80% of the remaining amount after the deductible. To find out how much the insurance will pay, calculate 80% of $19,000. This is done by multiplying $19,000 by 0.80, resulting in $15,200 being covered by the insurance.

Now, to find out how much Yvonne still has to pay, subtract the amount paid by the insurance from the total remaining after her deductible. That would be $19,000 - $15,200, equaling $3,800.

Finally, don't forget to add back her original deductible of $500 to this amount, giving a total payment of $3,800 + $500, which equals $4,300. However, this does not match any of the answer choices.

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