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. 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? $

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

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 = dollars

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Part 1.

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

dollars.

Part 2.

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

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

x = 18000 dollars

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

dollars.

Part 4.

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

dollars.

the answer is 15% decrease