Gerald would like to add a dental and vision option to the health insurance plan he purchased through his employer. In addition to the [tex]$65 \%$[/tex] of Gerald's [tex][tex]$\$[/tex] 345$[/tex] monthly health insurance premium, his employer has offered to pay [tex]$50 \%$[/tex] of a [tex]$\[tex]$ 38$[/tex][/tex] monthly dental premium and [tex]$75 \%$[/tex] of a [tex][tex]$\$[/tex] 23$[/tex] 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?

\begin{tabular}{|c|c|c|}
\hline
\multicolumn{3}{|c|}{ Soopergood Insurance } \\
\hline
Option & Monthly Premium & Employer Contribution \\
\hline
Health Insurance & [tex]$\[tex]$ 345$[/tex][/tex] & [tex]$65 \%$[/tex] \\
\hline
Dental & [tex][tex]$\$[/tex] 38$[/tex] & [tex]$50 \%$[/tex] \\
\hline
Vision & [tex]$\[tex]$ 23$[/tex][/tex] & [tex]$75 \%$[/tex] \\
\hline
\end{tabular}

a. [tex][tex]$\$[/tex] 141.75$[/tex]

b. [tex]$\$ 145.50$[/tex]

c. [tex][tex]$\$[/tex] 149.50$[/tex]

d. [tex]$\$ 260.50$[/tex]

Please select the best answer from the choices provided.



Answer :

To determine how much Gerald will pay each month toward his health, dental, and vision insurance plans, let's calculate his contributions step-by-step for each plan.

1. Health Insurance:
- Monthly premium: \[tex]$345 - Employer pays 65\% First, we need to find what 65\% of \$[/tex]345 is:
[tex]\[ 0.65 \times 345 = 224.25 \][/tex]
This is the amount the employer contributes. Gerald pays the remaining amount:
[tex]\[ 345 - 224.25 = 120.75 \][/tex]

2. Dental Insurance:
- Monthly premium: \[tex]$38 - Employer pays 50\% First, we need to find what 50\% of \$[/tex]38 is:
[tex]\[ 0.50 \times 38 = 19 \][/tex]
This is the amount the employer contributes. Gerald pays the remaining amount:
[tex]\[ 38 - 19 = 19 \][/tex]

3. Vision Insurance:
- Monthly premium: \[tex]$23 - Employer pays 75\% First, we need to find what 75\% of \$[/tex]23 is:
[tex]\[ 0.75 \times 23 = 17.25 \][/tex]
This is the amount the employer contributes. Gerald pays the remaining amount:
[tex]\[ 23 - 17.25 = 5.75 \][/tex]

4. Total Monthly Cost:
- Health contribution: \[tex]$120.75 - Dental contribution: \$[/tex]19.00
- Vision contribution: \[tex]$5.75 Add them all together to get the total monthly cost for Gerald: \[ 120.75 + 19.00 + 5.75 = 145.50 \] So, when Gerald adds both the dental and vision options to his insurance plan, the total amount he will pay each month towards health insurance is: b. \$[/tex]145.50