What is the formula for calculating the percent paid by employees in a group health insurance plan?

• 100% + Percent Company Pays

• 100% - Percent Company Pays

• 100% × Percent Company Pays

• 100% ÷ Percent Company Pays

What is the formula for calculating the total amount paid by an employee for group health insurance?

• Annual Amount ÷ Employee’s Percent

• Annual Amount + Employee’s Percent

• Annual Amount × Employee’s Percent

• Annual Amount - Employee’s Percent

What is the main advantage of a group health insurance plan compared to individual insurance?

• It covers more types of medical services.

• It is offered by the government.

• It can be purchased for a lower cost.

• It is only available to senior citizens.

If the company pays 60% of the insurance cost, what percent is paid by the employees?

• 40%

• 60%

• 100%

• 0%

Which of the following best describes the role of the employer in a group health insurance plan?

• The employer pays the entire cost of the insurance.

• The employer offers the insurance and pays part of the cost.

• The employer does not participate in the insurance plan.

• The employer only provides information about the insurance.

What is the primary purpose of a group health insurance plan?

• To provide free healthcare to employees

• To offer a health insurance plan at a lower cost than individual insurance

• To cover only emergency medical services

• To provide insurance only for the employer

If the company pays 75% of the insurance cost, what percent is paid by the employees?

• 25%

• 50%

• 75%

• 100%

What does the term "group health insurance" specifically refer to?

• Insurance for a group of friends

• Insurance for a group of employees offered by an employer

• Insurance for a group of family members

• Insurance for a group of patients in a hospital

What percentage of the cost does Nick Butler's company pay for his health insurance?

• 80%

• 70%

• 20%

• 30%

How much does Naomi Jacob pay annually for her health insurance membership?

• $2,775

• $4,500

• $900

• $106.73