Question 24 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
If Stephanie adds Jim, her employer pays 45% of her $298 premium (35% + 10%), so she pays $163.90. For Jim’s $349 beneficiary premium, her employer pays 30%, leaving $244.30 for the couple to pay; together, that is $408.20 per month. Keeping their separate plans costs $219.24 for Jim and $193.70 for Stephanie, or $412.94 total, while adding Stephanie to Jim’s plan costs $484.89. Therefore, Stephanie should add Jim to her plan.
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