Can someone help me with this question? Bayside insurance offers two health plans. Under plan A,Giselle would have to pay the first $70 of her medical bills, plus 30% of the rest. Under plan B, she would pay the first $180, but only 25% of the rest. For what amount of medical bills would plan B save her money? Assume she has over $180 in bills
Any help with figuring out how to solve would be great
Let her medical bills be $ X. X-[180+(25/100)(X-180)]>0 This is the required equation if she just wants to save some money. But if she wants to save more money on plan B than on plan A, then equation is X-[180+(25/100)(X-180)] > X-[70+(30/100)(X-70)]
X-[180+(25/100)(X-180)] This is her saving on plan B
Her savings = (medical bill) - ( amount paid from her pocket)
Im still confused on how you came up with that
what do I multiply to get the total medical bill?
Total medical bill (X) is unknown. We will get X after solving the above inequality
Plan B: Her savings = (medical bill) - ( amount paid from her pocket) = X - 180+(25/100)(X-180) In order that she saves some money, the above value i.e. her savings should be some value greater than zero. So, X-[180+(25/100)(X-180)]>0
4500?
was that it?
no I am guessing the question is to find her medical bills so that plan B is more profitable to her than plan A.
X-[180+(25/100)(X-180)] > X-[70+(30/100)(X-70)] So we need to solve this inequality
i dont know what to multiply, subtract or add
Solve the following for x, the break even price:\[70+\frac{30}{100}x=180+\frac{25}{100}x \]x = $2200 Any medical cost beyond $2200 would save her money with plan B.
I do not believe that is the answer. We are determining how much, starting at, that she would save if she chose plan b
My answer is : If her medical bill is anything greater than $1720 then she will save more on plan B
well I want help getting the answer
X-[180+(25/100)(X-180)] > X-[70+(30/100)(X-70)] So do you understand how I arrived at this inequality?
Not completely
how do I do it, multiply, subtract?
25 30 X- [ 180 + (-----)*(X-180) ] > X- [ 70 + (-----)*(X-70) ] 100 100
You know how to solve the inequality. Right?
no
I was put into an advanced math class, I dont know how to do anything but basic math
> is symbol for 'greater than'. a>b means a is greater than b. If a and b are replaced by expressions, say x+3 and 2-x ,then the inequality a>b becomes x+3 > 2-x In order to solve this inequality, we have to bring the variable x (unknown quantity) to any one side of the inequality, either to the left or to the right i.e. x has to be only on one side of the inequality and all other terms to the other side of the symbol '>'.
For this, we add x to both sides of the equation, we get (x+3)+x > (2-x )+x 2x +3 > 2 ..........x cancelled out on the right side of the inequality Now we subtract 3 both sides, 2x > 2-3 2x > -1 now we divide by 2 both sides, x > -1/2 So the value of x is any value greater than -1/2. This is how we solve inequality. Follow similar steps to solve our original inequality.
Refer to the attachment. The x axis is the medical charges from the service provider. If Giselle has no medical insurance, then she will be charged dollar for dollar for medical service. In a sense, a no insurance line has a slope of zero and passes through the origin. The other two lines represent Plan A, blue, and Plan B, red. The y axis is the cash amount Giselle is expected to pay for the corresponding medical service on the x axis. Notice that at $2200 the accumulated total cash paid out is equal with both plans. ------- I have to log out in a minute. It is almost 0100 local time. The upshot of it all is that Giselle should select the blue plan if the expected medical expense is a yearly physical examination. If she is anticipating open heart surgery in the near future, then the red plan is the one to fund.
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