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Daryl Morris has a family plan. The HMO annual premium is $12,240. The employer pays 90% cost. 

 

Find the contribution rate. (100% − Employer’s Percent) 

 

Find the annual contribution.  

 

Find the monthly premium. .

(÷12)

 May 11, 2020
 #1
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The employer  pays     .90 * 12240   =  $ 11016

 

The  emplyee pays  .10 *12240  =  $ 1224 =  annual contribution

 

Contribution rate  =  (100% - 90%)    = 10%

 

Monthly premium   =   1224  /12  =  $102

 

 

 

 

 

 

cool cool cool

 May 11, 2020

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