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How much will the insurance be responsible for

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Problem 1: A patient receives an $800 medical procedure. The patient has an insurance plan with a 70/30 coinsurance agreement and a $200 deductible which they have not met. The insurance allows $550 on the procedure and the provider will write off the difference in cost.. How much will the insurance be responsible for? How much will the patient be responsible for?

Reference no: EM132612623

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