The Mighty Machinery Company subscribes to the Healthy Family Medical Organization. Monthly insurance premiums are: employee without dependents, $350; employee with one dependent, $450; employee with multiple dependents, $550. The Mighty Machinery
Company pays a large part of the premiums for participating employees and their dependents. Participating employees have deducted from their paychecks every month $40 from an employee without dependents, $80 from an employee with one dependent, and $100 from an employee with multiple dependents. The Healthy Family Medical Organization has a deductible of $300 per year for an employee with no dependents, $450 per year for an employee with one dependent, and $600 per year for an employee with multiple dependents. The organization pays 80% of all medical bills in excess of the deductible. To answer all questions regarding health insurance, refer to the above information on Mighty Machinery Company. Adams and his spouse are covered by Mighty Machinery Company's health plan. Compute the total amount of money paid to the insurance company last year by Adams and the Mighty Machinery Company for Adams' health insurance coverage.
$5,400
You might also like to view...
The ____________________ method results in the best approximation of replacement cost of goods sold on the income statement during periods of rising prices
Fill in the blank(s) with correct word
Indirect order is usually the best arrangement of points for ______.
A. routine reports B. proposals C. informative reports D. good news
Acme Global provides its employees with performance appraisals. Twice a year, each employee sits down with the employee’s supervisor for feedback and goal setting. Acme Global is developing its employees through ________.
A. formal education B. experience C. informal education D. employee assessment E. alternative assessment
Scientific and technological advancements in a specific industry, as well as in society at large, are included in which general environment dimension?
A. Sociocultural B. Legal-political C. Economic D. Technological E. Corporate culture