Brayden chose an insurance plan with an $5,000 deductible. After a bout of appendicitis, his hospital bill came to $57,455.90. How much of that bill will the insurance company be responsible for?
A. $57,455.90
B. $5,000
C. $62,455.90
D. $52,455.90
The insurance company will be responsible for the amount of the hospital bill minus the deductible amount.
The amount the insurance company will be responsible for is $57,455.90 - $5,000 = $52,455.90.
Therefore, the answer is D. $52,455.90.
To determine how much of the hospital bill the insurance company will be responsible for, we need to subtract the deductible from the total bill.
The deductible is $5,000. Therefore, the amount that the insurance company will be responsible for is:
$57,455.90 - $5,000 = $52,455.90
So, the correct answer is:
D. $52,455.90
To determine how much of the hospital bill the insurance company will be responsible for, we need to consider the deductible amount and the total bill amount.
The deductible is the amount that the policyholder needs to pay out of pocket before the insurance coverage kicks in. In this case, Brayden has a $5,000 deductible.
To find out how much the insurance company will cover, we need to subtract the deductible amount from the total bill. Here's how we can do that:
Total bill amount - Deductible amount = Amount covered by insurance
Using the given information:
$57,455.90 - $5,000 = $52,455.90
Therefore, the insurance company will be responsible for $52,455.90 of the bill.
Option D, $52,455.90, is the correct answer.