gerald would like to add a dental and vision option to the health insurance plan he purchased through his…

gerald would like to add a dental and vision option to the health insurance plan he purchased through his employer. in addition to the 65% of geralds $345 monthly health insurance premium, his employer has offered to pay 50% of a $38 monthly dental premium and 75% of a $23 monthly vision premium. if gerald adds both the dental and vision options to his insurance plan, how much will he pay each month towards health insurance?\n\nsoopergood insurance\n|option|monthly premium|employer contribution|\n|--|--|--|\n|health insurance|$345|65%|\n|dental|$38|50%|\n|vision|$23|75%|\n\na. $141.75\nb. $145.50\nc. $149.50\nd. $260.50

gerald would like to add a dental and vision option to the health insurance plan he purchased through his employer. in addition to the 65% of geralds $345 monthly health insurance premium, his employer has offered to pay 50% of a $38 monthly dental premium and 75% of a $23 monthly vision premium. if gerald adds both the dental and vision options to his insurance plan, how much will he pay each month towards health insurance?\n\nsoopergood insurance\n|option|monthly premium|employer contribution|\n|--|--|--|\n|health insurance|$345|65%|\n|dental|$38|50%|\n|vision|$23|75%|\n\na. $141.75\nb. $145.50\nc. $149.50\nd. $260.50

Answer

Explanation:

Step1: Calculate Gerald's share of health - insurance premium

Gerald pays $(1 - 0.65)\times345$. $(1 - 0.65)\times345=0.35\times345 = 120.75$.

Step2: Calculate Gerald's share of dental premium

Gerald pays $(1 - 0.50)\times38$. $(1 - 0.50)\times38 = 0.5\times38=19$.

Step3: Calculate Gerald's share of vision premium

Gerald pays $(1 - 0.75)\times23$. $(1 - 0.75)\times23=0.25\times23 = 5.75$.

Step4: Calculate total monthly payment

Add up the three amounts: $120.75+19 + 5.75$. $120.75+19+5.75=145.5$.

Answer:

b. $$145.50$