Let's determine the costs and employer contributions for Jim's and Stephanie's healthcare insurance plans in detail.
### Jim's Insurance Plan
1. Jim's Monthly Premium:
- Total Monthly Premium: \[tex]$378
- Employer Contribution (%): 42%
- Employer Contribution (amount):
\[
378 \times \frac{42}{100} = 158.76
\]
- Jim's Out-of-Pocket Cost:
\[
378 - 158.76 = 219.24
\]
2. Premium for Additional Beneficiaries under Jim's Plan:
- Total Premium per Additional Beneficiary: \$[/tex]345
- Employer Contribution (%): 23%
- Employer Contribution (amount):
[tex]\[
345 \times \frac{23}{100} = 79.35
\][/tex]
### Stephanie's Insurance Plan
1. Stephanie's Monthly Premium:
- Total Monthly Premium: \[tex]$298
- Employer Contribution (%): 35%
- Employer Contribution (amount):
\[
298 \times \frac{35}{100} = 104.30
\]
- Stephanie's Out-of-Pocket Cost:
\[
298 - 104.30 = 193.70
\]
2. Premium for Additional Beneficiaries under Stephanie's Plan:
- Total Premium per Additional Beneficiary: \$[/tex]349
- Employer Contribution (%): 30%
- Employer Contribution (amount):
[tex]\[
349 \times \frac{30}{100} = 104.70
\][/tex]
### Summary of Contributions and Costs
- Jim's Employer Contribution: \[tex]$158.76
- Jim's Out-of-Pocket Cost: \$[/tex]219.24
- Employer Contribution for Additional Beneficiaries under Jim's Plan: \[tex]$79.35
- Stephanie's Employer Contribution: \$[/tex]104.30
- Stephanie's Out-of-Pocket Cost: \[tex]$193.70
- Employer Contribution for Additional Beneficiaries under Stephanie's Plan: \$[/tex]104.70
These calculations show both the contributions made by the employers and the out-of-pocket expenses that Jim and Stephanie would incur for their insurance plans and any additional beneficiaries.
