Assuming the deductible has already been met, if the allowed amount is $800 and the coinsurance is 20%, what is the patient's coinsurance amount?

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Multiple Choice

Assuming the deductible has already been met, if the allowed amount is $800 and the coinsurance is 20%, what is the patient's coinsurance amount?

Explanation:
Coinsurance is the portion the patient pays of the allowed amount once the deductible has been satisfied. With an allowed amount of 800 and a coinsurance rate of 20%, the calculation is 0.20 × 800 = 160. So the patient’s coinsurance amount is 160, and the insurer would pay the remaining 640. (If a different percentage were used, the dollar amount would change—for example, 10% would be 80, 25% would be 200, etc.)

Coinsurance is the portion the patient pays of the allowed amount once the deductible has been satisfied. With an allowed amount of 800 and a coinsurance rate of 20%, the calculation is 0.20 × 800 = 160. So the patient’s coinsurance amount is 160, and the insurer would pay the remaining 640. (If a different percentage were used, the dollar amount would change—for example, 10% would be 80, 25% would be 200, etc.)

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