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Answer :
Final answer:
To determine the most economical way to purchase health insurance, the total costs of premiums are compared for four options. Option C, insuring Patrick with his employer and Susie and the twins with her employer, is the most economical choice with a total monthly cost of $583.11.
Explanation:
To determine the most economical way to purchase health insurance for the family, we need to compare the total monthly costs for each option.
- Option A: Insure the entire family with Patrick's employer:
- Patrick: $0 (paid by employer)
- Susie: $280
- Twins (2 x $280): $560
- Total: $840
- Option B: Insure the entire family with Susie's employer:
- Patrick: $310 (32% covered by employer, equals $217)
- Susie: $149.11 (63% covered by employer)
- Twins (2 x $310, with 32% covered = 2 x $217): $434
- Total: $800.11
- Option C: Insure Patrick with his employer and Susie and the twins with her employer:
- Patrick: $0 (paid by employer)
- Susie: $149.11 (63% covered by employer)
- Twins (2 x $310, with 32% covered = 2 x $217): $434
- Total: $583.11
- Option D: Insure Susie with her employer and Patrick and twins with his insurer:
- Patrick: $0 (paid by employer)
- Susie: $149.11 (63% covered by employer)
- Twins (2 x $280): $560
- Total: $709.11
After comparing the total costs, Option C proves to be the most economical choice for Patrick, Susie, and their twins, as it results in the lowest total monthly premium.
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