A health insurance policy pays 75 percent of physical therap

A health insurance policy pays 75 percent of physical therapy costs after a $240 deductible. In contrast, an HMO charges $17 per visit for physical therapy. How much would a person save with the HMO if he or she had 12 physical therapy sessions costing $60 each? Savings with HMO S 135 Hints References eBook & Resources Hint#1 Check my work

Solution

Cost with health insurance = 240+(60*8*25%)= $360 Cost with HMO = 17*12= $204 Savings with HMO = 360-204 = $156