Question

The annual health insurance premium for Ms Everett is $12,304. her employer pays 70% of the premium and deducts the remainder from her paycheck. Ms Everett is paid monthly

what amount is deducted from Ms Everett's paycheck for her health insurance premium?

A.) $141.97
B.) $307.60
C.) $331.26
D.) $717.73


2.) The health insurance company that insures Peter pays 80% of nutritional counseling after Peter pays a $50 deductible. The cost of his counseling was $1060

How much did Peter pay for his nutritional counseling
A.) $202
B.) $212
C.) $252
D.) $262


3.) Mattie must pay a $15 co-pay for each of her visits to a chiropractor. the insurance company pays 60% of the cost of the visit. After her accident, she made 12 visits to the chiropractor, each costing $305.

How much, in total, did Mattie pay for her chiropractor visits?

A.) $1464
B.) $1644
C.) $2196
D.) $2376

Answer 1

Ms. Everett's monthly deduction for her health insurance premium is $307.60. Peter paid $202 for his nutritional counseling after accounting for the deductible and insurance payment. Mattie paid a total of $1,644 for her chiropractor visits, considering the co-pays and her share of the visit costs after insurance.

Step-by-step explanation:

Calculating Health Insurance Contributions and Costs

1. To determine the amount deducted from Ms. Everett's paycheck for her health insurance premium, we calculate 30% of the total annual premium (since her employer pays 70%) and then divide by 12 to get the monthly deduction.

Total annual premium: $12,304
Employer's share (70%): $12,304 × 0.70 = $8,612.80
Ms. Everett's share (30%): $12,304 × 0.30 = $3,691.20
Monthly deduction: $3,691.20 / 12 = $307.60

2. To find out how much Peter paid for his nutritional counseling, we subtract the $50 deductible from the total cost and then calculate 20% of the remaining amount (since the insurance pays 80%).

Total cost of counseling: $1,060
Deductible: $50
Amount after deductible: $1,060 - $50 = $1,010
Peter's share (20%): $1,010 × 0.20 = $202

3. To determine the total amount Mattie paid for her chiropractor visits, we multiply the co-pay by the number of visits and add to it the total amount of her share for the visits after insurance contribution.

Cost per visit: $305
Insurance pays (60%): $305 × 0.60 = $183
Mattie's share per visit (40%): $305 × 0.40 = $122
Co-pay per visit: $15
Total co-pay: $15 × 12 = $180
Total Mattie's share for visits: $122 × 12 = $1,464
Total amount Mattie paid: $1,464 + $180 = $1,644

Answer 2

B.) $307.60 ; C.) $252 ; B.) $1644

Step-by-step explanation:

1.) Since the employer pays 70% of the premium, this leaves Ms. Everett with 100-70=30% of the cost.

30% = 30/100 = 0.3; this makes her part of the cost

0.3(12304) = 3691.2

She gets paid monthly, so we divide this by 12:

3691.2/12 = 307.6

This means she has $307.60 deducted monthly.

2.) Since the insurance company pays 80% of the costs, this leaves Peter with 100-80 = 20% of the cost.

We take his deductible out of the cost first:

1060-50 = 1010

20% = 20/100 = 0.2; this makes his part of the cost

0.2(1010) = 202+50 = 252, since we have to count the deductible as part of his cost.

3.) The total cost of all visits would be

305(12) = 3660

The insurance company pays 60% of the cost; this means she is left with 100-60 = 40%. 40% = 40/100 = 0.4;

0.4(3660) = 1464

Mattie also pays 12 $15 copays; this adds 12(15) = 180 to this:

1464+180 = $1644