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bixtya [17]
3 years ago
9

Jay Spring pays $350.00 annually for his health insurance. This is 1/3 of the total cost of the premium; his company pays the re

st. He pays a $200 deductible and the plan pays 90% of all expenses beyond the deductible. This year Jay paid expenses of $1,800 beyond the deductible. How much did Jay have to pay excluding his share of the insurance premium? $ How much did Jay's company pay for his insurance premium? $ Jay paid 10% and the plan paid 90% beyond the deductible. How much did Jay's insurance company pay total? $ How much did Jay have to pay total, including his share of the premium? $
Mathematics
2 answers:
WINSTONCH [101]3 years ago
8 0

Q: How much did Jay have to pay excluding his share of the insurance premium?

A: $1800+$200 = $2000

Q: How much did Jay's company pay for his insurance premium?

A: $700. If Jay's $350 is 1/3 of the premium , then Jay's company pays 2*$350=$700 as rest of his premium.

Q: Jay paid 10% and the plan paid 90% beyond the deductible. How much did Jay's insurance company pay total?

A: Jay's insurance company paid $16200. Given that Jay paid $1800 beyond his deductible of $200 (and that is 10% of the actual cost) means that his plan (insurance company) paid 90%=9*$1800=$16200.

Q: How much did Jay have to pay total, including his share of the premium?

A: Jay paid $2350. He paid $200 deductible + $1800 beyond deductible + $350 premium



LUCKY_DIMON [66]3 years ago
8 0

Answer:

1. $2,000

2. $700

3. $16,200

4. $2,350

Step-by-step explanation:

Jay Spring pays $350.00 annually for his health insurance.

This is 1/3 of the total cost of the premium; his company pays the rest.

He pays a $200 deductible and the plan pays 90% of all expenses beyond the deductible. This year Jay paid expenses of $1,800 beyond the deductible.

The total cost of premium is = 350\times3=1050 dollars

-----------------------------------------------------------------------------------------------

Part 1.

How much did Jay have to pay excluding his share of the insurance premium?

200+1800=2000 dollars.

Part 2.

How much did Jay's company pay for his insurance premium?

1050-350=700 dollars.

Part 3.

Jay paid 10% and the plan paid 90% beyond the deductible. How much did Jay's insurance company pay total?

Let the amount be x , then

\frac{10}{100}\times x=1800

x = 18000 dollars

As the company paid 90% of this amount, so the payment becomes:

0.90\times18000=16200 dollars.

Part 4.

How much did Jay have to pay total, including his share of the premium?

1800+350+200=2350 dollars.

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