* Advance Algebra With Financial Applications *

Porter started a new job and must enroll in a new family health insurance plan. One of the options involves prescription drug coverage. Porter estimates that he and his family will fill 8 prescriptions per month, totaling $950. Which option would result in the lowest overall cost for Porter?

Question

* Advance Algebra With Financial Applications *

Porter started a new job and must enroll in a new family health insurance plan. One of the options involves prescription drug coverage. Porter estimates that he and his family will fill 8 prescriptions per month, totaling $950. Which option would result in the lowest overall cost for Porter?

anonymous · Answer

$86 monthly premium; $12 copayment per prescription

 $114 monthly premium; $8 copayment per prescription

 $98 monthly premium; 90% coverage for all prescription costs

 $32 monthly premium; 85% coverage for first $500 in prescription costs, then 75% co

ankit042 · Answer

Lets take this for a month period. With 
option A his cost will be 86+12*8
option B his cost will be 114+8*8
option C his cost will be 98 +10%*950
option D his cost 32+.15%*500+25%*450