Two health insurance plans are offered to employees of a company. Plan I has a $600 deductible and then pays 70% of the rest of the cost versus Plan II that has a $2400 deductible and then pays 90% of the rest of the cost. What would annual medical costs have to be for Plan II to be the least expensive?

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The Answer of Two health insurance plans are offered to employees of a company. Plan I has a $600 deductible and then pays 70% of the rest of the cost versus Plan II that has a $2400 deductible and then pays 90% of the rest of the cost. What would annual medical costs have to be for Plan II to be the least expensive?

Two Health Insurance Plans Are Offered to Employees of a Company