Question

Gail Martinez is employed at My Best Books. She has family medical coverage through the group medical plan that My Best Books provides for its employees. The annual cost of Martinez's family membership is $3,900. The company pays 50% of the cost. How much does she pay annually for medical insurance? *

Answer 1

$1850

Explanation:

The annual cost of Martinez's family membership for medical insurance is $3,900.

The company pays 50% of the cost.

So, the cost paid by the company= 50% of $3,900.

`=\frac {50}{100}* 3900=\$1850`

The remaining cost for the family medical insurance must be paid by Gail Martinez.

So, the annual payment by her =$3900-$1850=$1850

Hence, she pays $1850 annually for medical insurance.