Question

StayWell Health Insurance is offering a plan with a premium of $250, a deductible of $3500, and maximum out-of-pocket expenses of $6000. If Sheldon chooses this insurance, what is the MOST he should pay in one calendar year?
$6,000



$9,000



$9,500



$9,750

Answer 1

Answer:

The answer is $9750.

Explanation:

The premium that is given as $250 is the amount that Sheldon has to pay to sign the insurance contract. He also needs to pay the first $3500 of his health expenses before the insurance coverage begins. If he ends up paying a total of $6000 more than the rest of his health expenses will all be covered by the insurance. So in total the most that he should pay is $9750.

I hope this answer helps.