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anonymous

  • one year ago

Oliver has a medical illness that requires regular CAT scans throughout the year. His health insurance policy, through a coinsurance agreement, pays 60% of the cost for scans 1 – 5, 65% of the cost for scans 6 – 10, 70% of the cost for scans 11 – 15, and 75% of the cost for scans 16 – 20. Oliver is responsible for any scans over 20. If he receives 24 scans throughout a year at cost of $190 each, how much is Oliver’s out-of-pocket expense?

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  1. anonymous
    • one year ago
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    @mathmate

  2. anonymous
    • one year ago
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    @arek ?

  3. anonymous
    • one year ago
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    (190*.6)*5+(190*.65)*5 etc

  4. anonymous
    • one year ago
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    but whats the answer to that?

  5. anonymous
    • one year ago
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    @mathmate

  6. mathmate
    • one year ago
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    Would you try to work it out according to @arek's formula?

  7. anonymous
    • one year ago
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    what do you do after where he put etc

  8. anonymous
    • one year ago
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    You keep multiply $190 by the percentage until you get to the 20th time, then he pays full price for 4 more times

  9. anonymous
    • one year ago
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    ok!

  10. anonymous
    • one year ago
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    wait im lost could you help me to get to more because you added a 5 to the 6

  11. anonymous
    • one year ago
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    @arek

  12. anonymous
    • one year ago
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    That's because after 5 scans, the percentage he has to goes up 5%. The first 5 times he payed 60% (.6) and the second 5 times he had to pay 65% (.65)

  13. anonymous
    • one year ago
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    would the answer be 2,565?

  14. anonymous
    • one year ago
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    Nope. Check your calculations

  15. anonymous
    • one year ago
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    little less or much less then that number?

  16. anonymous
    • one year ago
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    @arek

  17. anonymous
    • one year ago
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    @arek ??

  18. anonymous
    • one year ago
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    I got 3225

  19. anonymous
    • one year ago
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    ok got it!!!

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spraguer (Moderator)
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