A 20-day elimination period where the cost of care is [tex]$150 a day equates to how much of an out-of-pocket cost at claim time?

A. $[/tex]1,500
B. [tex]$6,000
C. $[/tex]4,500
D. $3,000



Answer :

To determine the out-of-pocket cost during a 20-day elimination period when the cost of care is [tex]$150 per day, follow these steps: 1. Identify the daily cost: The daily cost of care is $[/tex]150.
2. Identify the elimination period: The elimination period is 20 days.
3. Calculate the total cost: Multiply the daily cost by the number of days in the elimination period.

[tex]\[ \text{Total Out-of-Pocket Cost} = \text{Daily Cost} \times \text{Number of Days} \][/tex]

[tex]\[ \text{Total Out-of-Pocket Cost} = 150 \times 20 \][/tex]

4. Retrieve the calculated amount: The product of [tex]$150 and 20 equals $[/tex]3,000.

So, the out-of-pocket cost at claim time during a 20-day elimination period at [tex]$150 per day is: D) $[/tex]3,000