You have a $5,000 medical bill and health insurance with a $500 deductible. You also have a 80/20 co-insurance, meaning the insurance pays 80% and the insured pays 20%. What is your total out-of-pocket expense for the original $5,000 bill?

$1,400

Explanation:

Out-of-pocket expense refers to the payment you have to make for medical attention costs that are not reimbursed by your insurance like deductibles and coinsurance. In this case, you have to pay a $500 deductible and you  are also responsible for the 20% of $4,500 that is the remaining amount  as the insurance will cover the 80%. The total out of the pocket expense would be equal to the sum of the deductible plus the 20% of the reamining amount:

Out-of-pocket expense= 500+(4,500*20%)

Out-of-pocket expense= 500+900

Out-of-pocket expense= 1,400

According to this, your total out-of-pocket expense for the original $5,000 bill is $1,400.

because she sucked. : )

(but so does trump, don't @ me)