Question

yoshi's employer pays 80% of the total cost of his families health insurance plan, while yoshi pays the rest. if the total cost of the plan will increase from $500 to $750 per month, how much more will yoshi have to pay each month

Answer 1

Yoshi will have to pay $50 more each month for his health insurance after the total cost of the plan increases from $500 to $750, as his contribution is 20% of the total cost.

Step-by-step explanation:

The student is asking how much more Yoshi will have to pay for his family's health insurance plan per month after a price increase from $500 to $750. Since Yoshi's employer pays 80% of the total cost, Yoshi pays the remaining 20%. To calculate the difference in Yoshi's payment, perform the following steps:

1. Calculate the current amount Yoshi pays: 20% of $500 = 0.20 × $500 = $100 per month.
2. Calculate the new amount Yoshi pays after the increase: 20% of $750 = 0.20 × $750 = $150 per month.
3. Determine the increase in Yoshi's payment: $150 - $100 = $50 more per month.

Therefore, Yoshi will have to pay $50 more each month for his health insurance due to the increase in the total cost of the plan.

Answer 2

Yoshi will have to pay $150 more each month for his family's health insurance plan.

To calculate how much more Yoshi will have to pay each month for his family's health insurance plan, we need to first find out the amount that Yoshi's employer currently pays and how much that will change with the increase in the total cost of the plan.

Currently, Yoshi's employer pays 80% of the total cost of the plan. This means that they cover 80% of the $500 monthly cost, which is 0.80 * $500 = $400.

Yoshi is responsible for paying the remaining 20% of the total cost, which is $500 - $400 = $100.

Now, with the total cost of the plan increasing to $750 per month, we can calculate the new amount that Yoshi's employer will cover. Again, this is 80% of the total cost, so 0.80 * $750 = $600.

To find out how much more Yoshi will have to pay each month, we subtract the amount his employer covers from the total cost. So, $750 - $600 = $150.