Respuesta :
Answer:
Option B is correct.
Stephanie should add Jim to her health care plan.
Step-by-step explanation:
Let's take the options one by one.
Option 1
If Jim's employers insure him and his wife.
Jim’s employer pays 42% of his $378 monthly premium. His insurance plan will also pay for 23% of the $345 premium for additional beneficiaries.
It means Jim will pay (0.58 of $378) for himself plus (0.73 of $345) for his wife.
Amount Jim pays = (0.58 × 378) + (0.73 × 345) = $471.09
Option 2
If Stephanie's employers insure both of them.
Stephanie’s employer pays 35% of her $298 monthly premium but offers to pay an extra 10% of her premium for each beneficiary Stephanie adds to her plan. Her employer would then pay 30% of the $349 premium for each additional beneficiary.
It means Stephanie would pay (0.65 of $298) she'll pay for herself plus (0.70 of $349) she'll pay for her husband minus (10% of $298) that her company wants to pay out of the insurance fee of any of her additional beneficiary.
Amount Stephanie will pay = (0.65 × 298) + (0.70 × 349) - (0.10 × 298) = $408.2
Option 3
If each of them does an insurance plan with their respective employers
Jim’s employer pays 42% of his $378 monthly premium.
Stephanie’s employer pays 35% of her $298 monthly premium
Jim would pay (0.58 × $378) for himself = $219.24
Stephanie would pay (0.65 × $298) for herself = $193.7
Total they would pay in this option = $219.24 + $193.7 = $412.94
Of all the three options, the option that minimizes their expenses is when Stephanie insures herself and Jim with her employers for a total cost of $408.2 compared to a total cost of $471.09 if Jim insures the two of them with his employers or $412.94 if they respectively insure each other with their respective employers.
Hope this Helps!!!
Insurance is termed as the process of safeguarding against financial loss. It's a type of risk management that's used mostly to protect against the danger of a speculative or unpredictable loss.
An insurer, an insurance company, an insurance carrier, an underwriter is a business that sells insurance.
The correct answer is option B. Stephanie should add Jim to her health care plan.
The evaluation of each and every option is as follows:
Option 1
If Jim and his wife are covered by Jim's employer's insurance.
Jim's $378 monthly premium is covered by his company to the tune of 42 percent. Additional beneficiaries will be covered by 23 percent of his insurance plan's $345 cost.
Jim will have to pay 0.58 of $378 for himself and 0.73 of $345 for his wife.
Jim's payment = = $471.09
Option 2
If both of them are protected by Stephanie's company's insurance.
Stephanie's company pays 35% of her $298 monthly premium, but she has the choice of paying a further 10% of her discount for each beneficiary she adds to her plan. For each new beneficiary, her employer would pay 30% of the $349 payment.
Stephanie would pay (0.65 of $298) for herself plus (0.70 of $349) for her husband, minus (10 percent of $298) that her firm wants to pay out of any of her extra recipients' insurance payments.
Stephanie will pay $408.2 by multiplying (0.65 298) by (0.70 349) by (0.10 298).
Option 3
If they both join an insurance plan via their companies, Jim's employer will cover 42 percent of his $378 monthly payment.
Stephanie's $298 monthly charge is compensated by the business to the tune of 35%.
For himself, Jim would pay [tex](0.58 \times \$378)[/tex]= $219.24
Stephanie would pay (0.65 $298) for herself = $193.7 The total cost of this option would be $219.24 + $193.7 = $412.94.
Stephanie ensures herself and Jim with her employers for a total cost of $408.2, against a total cost of $471.09 if Jim insures the two of them with his employers or $412.94 if they insure each other with their respective jobs.
To know more about the most economical way for the couple to purchase health insurance, refer to the link below:
https://brainly.com/question/989103
