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Calculator Activity Answers

Calculate:Each person in the group should calculate the annual minimum and maximum costs for each plan. Write your answers below.

	Annual Minimum Cost	Annual Maximum Cost
High-deductible plan	12 x 10 = 120	120 + 2,000 = 2,120
Low-deductible plan	12 x 40 = 480	480 + 500 = 980

Calculate:How much money will the high-deductible plan save you in the best-case scenario (assuming you pay only the annual minimum cost)? Write your answer below.

Answer: 480 – 120 = 360

Hint:(Low-deductible plan annual minimum cost) – (High-deductible plan annual minimum cost)

Calculate:How much money will the lower-deductible plan save you in the worst-case scenario (assuming you had to pay the annual maximum costs)?

Answer: 2,120 – 980 = 1,140

Hint:(High-deductible plan annual maximum cost) – (Low-deductible plan annual maximum cost)

Notes

Notes