Set an equation to define monthly amount of medical expenses

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Reference no: EM131481306

Question: One insurance plan costs $100 a month and has a $50 co-payment for all services. Another insurance plan costs $50 a month and requires patients to pay a 15% co-insurance. A customer is trying to decide which plan to purchase. Which plan would the customer select with an anticipated $200 per month in medical bills? What about $600 per month in medical bills? Set up an equation to determine the monthly amount of medical expenses at which the consumer would be indifferent between the two plans.

Reference no: EM131481306

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