Choose the correct answers. Jay Spring pays $350.00 annually for his health insurance. This is 1/3 of the total cost of the premium; his company pays the rest. He pays a $200 deductible and the plan pays 90% of all expenses beyond the deductible. This year Jay paid expenses of $1,800 beyond the deductible.
How much did Jay have to pay excluding his share of the insurance premium? $ ___
2,000.00
1,600.00
How much did Jay's company pay for his insurance premium? $ ___
350.00
700.00
Jay paid 10% and the plan paid 90% beyond the deductible. How much did Jay's insurance company pay total? $ ___ 16,200.00
18,000.00
How much did Jay have to pay total, including his share of the premium? $ ___
2,350.00
1,935.00
+129847 If he paid a $200 deductible and then $1800 beyond this, he must have paid $2000 [not counting his cost of the premium]
Company's part of the premium = 2 * 350 = $700
If Jay paid 10% of the expenses beyond the deductible.....the total expenses beyond the deductible = 1800/.10 = 18000......and the company covered 90% of this = $16200
Total Jay paid = 350 + 200 + 1800 = $2350
+129847 If he paid a $200 deductible and then $1800 beyond this, he must have paid $2000 [not counting his cost of the premium]
Company's part of the premium = 2 * 350 = $700
If Jay paid 10% of the expenses beyond the deductible.....the total expenses beyond the deductible = 1800/.10 = 18000......and the company covered 90% of this = $16200
Total Jay paid = 350 + 200 + 1800 = $2350
