Calculating Out-of-Pocket Costs Quiz
We know how confusing Health Insurance can be. Understanding your plan costs and calculating your fees is so critical to selecting the right plan and managing your plan benefits. “When comparing and selecting health plans, 61 percent of people said they were moderately or very confident that they could choose the best health plan for themselves. However, consumers had a weak grasp of different plan types.”*
Here’s a little quiz to see how well you do.
Early in January, Robert visits an in-network doctor to get a wart removed from his foot. The bill for this visit is $530, which is the member rate the doctor agreed to charge his health plan for that service. Robert has a $30 co-pay, a $100 deductible, and 20% coinsurance that apply for this visit. His co-pay does not count toward the deductible.
How much will Robert pay for the visit?