Health Insurance Expenses Type
Definition
Costs
Premium
The annual amount employee pays
the insurance company for the policy.
$6,237
Deductible
The amount employee pays for
medical expenses before the
insurance pays for anything.
$1,000
The percentage employee pays for
Co-Payment medical treatment after the
deductible is paid.
30%
Use the information in the table. If the employer has agreed to pay 45% of the employees' health insurance premium, what is the total annual
premium?
X
Select one:
O A. The premium is $13,860.
O B. The premium is $11,340,
O C. The premium is $5,103.