Which health insurance plan would be the best choice for the Smiths based on the
ID: 450275 • Letter: W
Question
Which health insurance plan would be the best choice for the Smiths based on their PLANNED expenses? Andrew and Cindy and their three-year-old son Joe have a variety of planned and unplanned health expenses throughout the year. Each year, all normally get an annual physical exam. In addition to those expenses, the family estimates at least four office visits – two well-child and two well-adult visits.
a. POS Plus – Annual employee contribution is $3984, office visit copay is $25.
b. POS Value – Annual employee contribution is $2616, office visit copay is $35.
Please, explain your answer.
Explanation / Answer
In every case, POS Value would be the best option because it's cheaper. Let me show you how would be the expense when the number of visits vary increasingly from 4 visist.
If we graph both functions:Anual employee contribution + copay * number of visits
3984+25X=2616+35X -> X=136.8
They would intersect in visit number 136.8, wich es very improbable.
Nº POS PLUS POS VALUE 4 4084 2756 5 4109 2791 6 4134 2826 7 4159 2861 8 4184 2896Related Questions
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