In addition to general medical services, Holly would like to add dental and vision options to her health care plan. The monthly premium for her medical insurance is $345 of which her employer pays 65%. Her employer also offers to pay 50% of the monthly dental premium of $38 and 75% of the $23 monthly premium for the vision plan that is offered. If Holly opts for both the dental and vision options in addition to her regular health insurance, how much will Holly be responsible for paying each month?

Question

Soopergood Insurance
Option
Monthly Premium
Employer Contribution
Health Insurance
$345
65%
Dental
$38
50%
Vision
$23
75%

a.
$145.50
b.
$260.50
c.
$263.90
d.
$406.00

Answer 1

To calculate how much Holly will be responsible for paying each month for her health insurance, dental, and vision options, we will evaluate each component separately.

1. Health Insurance Premium:

   • Monthly premium: $345
   • Employer contribution: 65%
   • Holly's portion: \[ \text{Holly's share} = 345 \times (1 - 0.65) = 345 \times 0.35 = 120.75 \]

2. Dental Insurance Premium:

   • Monthly premium: $38
   • Employer contribution: 50%
   • Holly's portion: \[ \text{Holly's share} = 38 \times (1 - 0.50) = 38 \times 0.50 = 19.00 \]

3. Vision Insurance Premium:

   • Monthly premium: $23
   • Employer contribution: 75%
   • Holly's portion: \[ \text{Holly's share} = 23 \times (1 - 0.75) = 23 \times 0.25 = 5.75 \]

Now, we need to add up all portions that Holly is responsible for: \[ \text{Total amount Holly pays} = \text{Health Insurance} + \text{Dental Insurance} + \text{Vision Insurance} \] \[ \text{Total} = 120.75 + 19.00 + 5.75 = 145.50 \]

Thus, after calculating all the contributions, Holly will be responsible for paying $145.50 each month.

The answer is a. $145.50.