Question

Suppose you have health insurance that is partially funded by the company you work for.They have agreed to pay 85% of your coverage. On a policy costing $200 a month, what will be your share of the cost? Show your work.

Answer 1

Your company intends to pay 85% of your coverage.

For coverage of $200, your company will pay the following amount:

`\begin{gathered} (85)/(100)*200 \\ =170 \end{gathered}`

Therefore, your share of the cost will be the remaining amount from the total coverage. Hence

`\begin{gathered} 200-170 \\ =30 \end{gathered}`

In that case, your share of the cost will be $30.