Asked by lisa
One health insurance policy pays for people claims by multiplying the claim amount by 0,8 and then subtracting$500. Define a variable and write an equation for this situation. Find the claim amount for an insurance payment of $4650
Answers
Answered by
MathMate
$4650 represents the amount after the deductible of $500.
So before the deductible of $500, the insurable amount was $4650+500=$5150.
Since the payment rate is 0,8, the claimed amount was:
$5150/0,8=$6437,50
So before the deductible of $500, the insurable amount was $4650+500=$5150.
Since the payment rate is 0,8, the claimed amount was:
$5150/0,8=$6437,50
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.