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?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Given
the health plan covers lab tests in full in an in-network lab.
The health plan pays of allowed charges in a out-of-network lab.
The allowed charge for a test is .
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