Health Insurance Word Problem
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A health insurance policy pays 65% of physical therapy costs after a $200 deductible. In contrast, an HMO charges $15 per visit for physical therapy. How much would a person save with the HMO if he or she had 10 physical therapy sessions costing $50 each?
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Solution Summary
How much a person would save with the HMO if he or she had 10 physical therapy sessions costing $50 each is determined.
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Well, the first thing to do is figure out what the total cost of the treatment is. So 10 sessions, at $50 each, is a total of $500.
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