Ridell's employer pays for $60 of his monthly premium for individual health insurance. If the individual annual insurance premium is $1,596, how much does Ridell pay each year?

Question

Quizplus · Accepted Answer

First, we need to find out how much the monthly premium is:

$1,596 / 12 = $133

Then we subtract the $60 that Ridell's employer pays:

$133 - $60 = $73

So Ridell pays $73 per month for individual health insurance.

To find out how much he pays each year, we multiply that by 12:

$73 x 12 = $876

Therefore, Ridell pays $876 each year for his individual health insurance policy.

Ridell's Employer Pays for $60 of His Monthly Premium for Individual