A health plan with a $5-per-point conversion factor would pay how much for a 200-point procedure?

Study for the Florida 2-15 Insurance License Test. Use flashcards and multiple-choice questions with helpful hints and explanations. Get ready for your exam!

To determine the payment for a 200-point procedure with a conversion factor of $5 per point, you simply multiply the number of points associated with the procedure by the conversion factor.

In this case, you would calculate:

200 points × $5 per point = $1,000.

This calculation clearly demonstrates why the answer is $1,000. It reflects the straightforward multiplication process used to determine the payment based on the procedure's point value and the conversion rate established by the health plan.

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