Jamie has a choice between two health insurance plans. The first one costs $50 a month but has a deductible of $7,000. The other is $150 a month but the deductible is $1,000. Which will cost Jamie MORE if he has a $3,000 medical procedure this year?
A.
They will average out to the same amount.
B.
The second one because the deductible is lower.
C.
The first one because the deductible is higher.
D.
The first one because the monthly payment is lower.
1 answer
C. The first one because the deductible is higher.
1 answer