Patrick and susie just welcomed a set of twins to their family and have to decide how to purchase health insurance for the babies. patrick's employer pays for 100% of his monthly health insurance premium of $378, but will not pay for any of the $280 for each additional beneficiary. susie's employer, who pays 63% of her $403 monthly premium, offers to pay 32% of the $310 monthly premium for each additional beneficiary. which would be the most economical way to purchase health insurance for the family?

Question

Maximillian

Mathematics

8 January, 08:28

Patrick and susie just welcomed a set of twins to their family and have to decide how to purchase health insurance for the babies. patrick's employer pays for 100% of his monthly health insurance premium of $378, but will not pay for any of the $280 for each additional beneficiary. susie's employer, who pays 63% of her $403 monthly premium, offers to pay 32% of the $310 monthly premium for each additional beneficiary. which would be the most economical way to purchase health insurance for the family?

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Beatrice · Answer 1

Patricks employer:

Patrick Additional monthly payment for the twins = $560/month considering his employer paid his premium 100%

Susie Additional monthly payment for the twins = $403 x 37% + 620 x 68%=$570.71

Since patrick's premium is less than susie's then it is practical to purchase health insurance from patrick's employer