Suppose your health plan covers lab tests in full if you go in an in-network lab, but only pays 65% of allowed charges if you go out of network. You forget to go get your blood test at a lab that turns out to be out-of-network. The lab bills you $125 for the blood test. Your health insurance allows only a $30 charge for a test. How much would you have to pay out of pocket for that lab test?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Suppose your health plan covers lab tests in full if you go in an in-network lab, but only pays 65% of allowed charges if you go out of network. You forget to go get your blood test at a lab that turns out to be out-of-network. The lab bills you $125 for the blood test. Your health insurance allows only a $30 charge for a test. How much would you have to pay out of pocket for that lab test?
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Step 1

Given

the health plan covers lab tests in full in an in-network lab.

The health plan pays 65% of allowed charges in a out-of-network lab.

The allowed charge for a test is $30.

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