SOLUTION: I had a procedure, it cost $625.00 the insurance company only reimbursed me for 82.00 what percentage did they pay I figured 76% round off to 80 am I right. I did 625.00 divided

Question 209610: I had a procedure, it cost $625.00 the insurance company only reimbursed me for 82.00 what percentage did they pay I figured 76% round off to 80 am I right.
I did 625.00 divided by 82, am I right? This site sounds good to help people with everyday math problems we encountered. We tend to forget basic math at times, and we do need it in our everyday lives.
Found 2 solutions by Alan3354, stanbon:
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
I had a procedure, it cost $625.00 the insurance company only reimbursed me for 82.00 what percentage did they pay
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82/625 = 0.1312 = 13.12%
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Had they paid 25%, that would be 1/4 = $156.25
$82 is about half of that, so the percentage is also about half of 25%.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
I had a procedure, it cost $625.00 the insurance company only reimbursed me for 82.00 what percentage did they pay I figured 76% round off to 80 am I right.
I did 625.00 divided by 82, am I right?
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82/625 = 0.1312 = 13.12%
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That means you paid 86.88% of the cost of your procedure.
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Cheers,
Stan H.
Reply to stanbon@comcast.net
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