Ruth Lockwood earns $2,917 a month as a supervisor for Acme Steel. Her group medical coverage costs $3,120 per year. The company pays 75% of the cost of group insurance. How much is deducted each month from her paycheck for medical insurance?

Ruth Lockwood earns $2,917 a month as a supervisor for Acme Steel. Her group medical coverage costs $3,120 per year. The company pays 75% of the cost of group insurance. How much is deducted each month from her paycheck for medical insurance?

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter8: Managed Care

Section: Chapter Questions

Problem 3QAP

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Question

Ruth Lockwood earns $2,917 a month as a supervisor for Acme Steel. Her group medical

coverage costs $3,120 per year. The company pays 75% of the cost of group insurance. How

much is deducted each month from her paycheck for medical insurance?

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