If Your Deductible Is $200 and You Pay Co-Insurance of 20%,how

question 7

Multiple Choice

If your deductible is $200 and you pay co-insurance of 20%,how much will you have to pay for a $3,000 hospital stay?

• A)$200
• B)$560
• C)$600
• D)$760
• E)$800

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Definitions:

Asset Account

An account that shows the value of the assets a company controls, which can include cash, equipment, and real estate.

Accrued Interest

Interest that has been incurred but not yet paid, often related to bonds or loans.

Note Receivable

A written promise that a certain amount of money will be paid at a future date, representing an asset for the holder.

Interest Revenue

Income earned by an entity from lending money or through investments in interest-bearing assets.