Let's go through each part of the question step by step:
1. Calculate the total cost of the insurance premium:
- Jay pays [tex]$350.00 annually, which is \(\frac{1}{3}\) of the total cost.
- Total cost of the premium = \( 350.00 \times 3 = 1050.00 \)
2. Figure out how much Jay's company pays for his insurance premium:
- The total premium cost is $[/tex]\[tex]$ 1050.00$[/tex].
- Jay pays [tex]$\$[/tex] 350.00[tex]$, so his company pays the rest.
- Company premium payment = \( 1050.00 - 350.00 = 700.00 \)
3. Determine how much Jay pays for medical expenses beyond the deductible:
- Jay pays a deductible of \( \$[/tex] 200.00 \).
- Beyond the deductible, there are additional expenses of [tex]\( \$ 1800.00 \)[/tex].
- Jay's share beyond the deductible is [tex]\( 10\% \)[/tex] of [tex]\( \$ 1800.00 \)[/tex].
- Jay's payment beyond the deductible = [tex]\( 1800.00 \times 0.10 = 180.00 \)[/tex]
4. Find out how much Jay's insurance company pays for medical expenses beyond the deductible:
- The plan covers [tex]\( 90\% \)[/tex] of the expenses beyond the deductible.
- Insurance company payment = [tex]\( 1800.00 \times 0.90 = 1620.00 \)[/tex]
5. Calculate Jay’s total payment including all parts:
- Jay's annual payment for the premium is [tex]\( \$ 350.00 \)[/tex].
- Jay pays the deductible [tex]\( \$ 200.00 \)[/tex].
- Jay's payment beyond the deductible is [tex]\( \$ 180.00 \)[/tex].
- Total Jay payment = [tex]\( 350.00 + 200.00 + 180.00 = 730.00 \)[/tex]
Now, let's place the results into the provided blanks:
- How much did Jay have to pay excluding his share of the insurance premium? \[tex]$ 380.00
- This is \( \$[/tex] 200\) deductible + [tex]\( \$ 180 \)[/tex] payment beyond the deductible.
- How much did Jay's company pay for his insurance premium? \[tex]$ 700.00
- How much did Jay's insurance company pay total? \$[/tex] 1620.00
- How much did Jay have to pay total, including his share of the premium? \$ 730.00
