Check Show answer For the \( \$ 500 \) deductible plan, the user pays \( \$ 2,750 \) in yearly fees, the \( \$ 500 \) deductible, and \( 20 \% \) of all medical costs over \( \$ 500 \). What would the user pay for total medical costs of \( \$ 15,000 \) (the cost of having a baby)? \( \$ \)

To calculate the total payment for medical costs of \( \$ 15,000 \) with a \( \$ 500 \) deductible plan, follow these steps: 1. Pay the yearly fee: \( \$ 2,750 \). 2. Pay the deductible: \( \$ 500 \). 3. Calculate the remaining medical costs after the deductible: \[ 15,000 - 500 = 14,500 \] 4. Calculate the user's share (20%) of the costs over the deductible: \[ 20\% \text{ of } 14,500 = 0.2 \times 14,500 = 2,900 \] Now, sum it all up: \[ 2,750 + 500 + 2,900 = 6,150 \] Therefore, the user would pay \( \$ 6,150 \) in total for the medical costs of having a baby.