Business Math Problem

Question 1: What a single person would pay per year for health coverage under the current plan of the proposed new plan.

The amount  that every individual would pay per year for health coverage under the new proposed plan will be calculated by multiplying the current proposed payment ($9 ) by fifty two weeks since the payment is made per week (every year has 52 weeks).The calculations will be as follows;

Payment per year by a single employee =$9*52=$486.

Question 2 Calculation of what a family would pay per year for health coverage under the current plan of the proposed new plan.

The amount that every family would pay per year for the health coverage under the new proposed plan will be calculated by multiplying the current proposed payment ($23) gain by fifty two weeks since the payments are made after every week. The calculations will be as follows;

Payment per year by every family = $23*52=$1196

Question 3 Calculation of what this cost increase would mean under both plans if you are an average grocery store worker.

For a single individual who works at the lower $ 17,000 per year it means that he will remain with $16,514 ($17,000 - $468 ) while for a family that works for lower $17,000 per year will remain with $ 15,804 ($17000 - $ 1196).In addition, for a single employee who works at the higher $20,000 it means he will remain with $ 19,514 ($20,000 - $ 468) while a family that works for higher $20,000 will remain with $18804 per year.

Question 4: Comparison of the annual cost to for single employees and for employees with families with Kaiser Permanente's latest business analysis

In comparison with the Kaiser 2010 annual report, a single worker in the three supermarkets pays $ 560 less than average cost of a HMO for a single person who pays $ 1028 ($1028 - $468 =$560).In addition, a family in either of the three supermarkets pays $ 3161    less than average cost of a HMO for a family which pays $4357.Thus, from the calculations, the grocery workers are not in a position to pay more than the national averages.