115k views
4 votes
Sakima Lena is employed at a restaurant. He has family medical coverage through the company's group medical plan. The annual cost of Sakima's family coverage is $4,500. The company pays 45% of the cost. How much does Sakima pay annually for medical insurance?

1 Answer

3 votes

Final answer:

Sakima Lena pays $2,475 annually for medical insurance after the company covers 45% of the total cost of $4,500. This calculation is made by determining 55% of the total premium, which amounts to Sakima's share.

Step-by-step explanation:

The question at hand is a straightforward math problem related to calculating the portion of health insurance premiums an employee has to pay. Sakima Lena is employed at a restaurant and has a family medical coverage with an annual cost of $4,500. The company pays 45% of this cost. To calculate Sakima's contribution, we need to determine what 55% (100% - 45%) of the total cost is, as this is the amount Sakima will pay.

Calculating 55% of $4,500 gives us Sakima's annual payment:
55% of $4,500 = 0.55 × $4,500 = $2,475.

Therefore, Sakima pays $2,475 annually for medical insurance. This example illustrates that health care is expensive, and for many, especially those with families, managing these costs is crucial as they form a significant part of annual expenses.

User Nolik
by
8.0k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories