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Green shield has a 25 percent copayment clause and a

Green Shield Insurance provides NEMO Corporation with coverage for prescriptions, dental work, and extended health services.

Each subscriber uses $435 worth of dental services per year; $410 worth of prescriptions per year; and $385 worth of extended health coverage per year.

Green Shield has a 25 percent copayment clause, and a loading factor of 65 percent. NEMO will pay 50 percent of the plan costs. What is the annual and monthly premiums charged to the employees of NEMO corporation?

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Microeconomics: Green shield has a 25 percent copayment clause and a

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