Paco has a traditional health insurance plan. his deductible is $750. the level of co-insurance for his plan is 70/30 where 30 represents paco’s portion. he also has a one-time co-payment of $20. if paco incurs a $1,000 hospital bill, how much money will he owe out-of-pocket for the bill? $845 $720 $545 $620

$845

Explanation:

The amount of money that he will have to pay out of pocket is first the deductible which is the amount of money that you have to pay out of pocket before your insurance kicks in, so the first amount of money that he will have to fully pay out of jis pocket is $750, now the next amount is the $20 co-payment, and the difference between the 750 and the total bill is 1000, that is 250 dollars that the insurance and him will go 70/30, so he will have to pay 30% of 250, is 75, so adding up everything is $750+$20+$75=$845, he will have to pay $845 out of pocket.

either two or three