Information for questions 1-5.

You work for IU after graduation and here is the information about IU's HDHP (High Deductible Health Plan) you received from IU's Human Resource:

"Your monthly premium is determined by your level of coverage and your base salary. Contributions are deducted before tax. You can reduce your monthly premium by $25 for yourself or your spouse (or $50 for both) by certifying that you do not use tobacco products each year.

For example, if your annual salary is $80K and you level of coverage is employee-only, your monthly premium is $78.87 before the no-tobacco discount and is $53.87 with the no-tobacco discount (you certify that you do not use tobacco products).

1. If your annual salary is $101K and you level of coverage is employee & spouse, how much can you save each month from your contribution for the health insurance premium, if both you and your spouse certify that you do not use tobacco product?

a. $263.30

b. $25

c. $50

d. None of the other options

2. If your annual salary is $101K and you level of coverage is employee & spouse, assuming neither you nor your spouse certify that you do not use tobacco product, what's your monthly contribution for your health plan premium?

a. None of the other options

b. $213.30

c. $238.30

d. $263.30

3. If your annual salary is $101K and you level of coverage is employee & spouse, assuming both you and your spouse certify that you do not use tobacco product, what's your monthly contribution for your health plan premium?

a. $238.30

b. $209.03

c. $263.30

d. $213.30

4. If your annual salary is $101K and you level of coverage is employee & spouse, assuming both you and your spouse certify that you do not use tobacco product, What do you need to budget annually for your contribution for the health insurance premiums?

a. $2,508.36

b. $2,859.60

c. $3,159.60

d. $2,559.60

5. After you enroll in a health insurance plan, you don't need to pay the monthly premium if you don't use any medical services.

a. True

b. False

\begin{tabular}{|l|l|l|l|l|l|l|l|} \hline & \multicolumn{6}{|c|}{ Monthly Employee Contribution by Employee's Annual Salary } \\ \cline { 2 - 7 } & \begin{tabular}{l} Below \\ $35K \end{tabular} & \begin{tabular}{l} $35K \\ $59K \end{tabular} & \begin{tabular}{l} $60K \\ $99K \end{tabular} & \begin{tabular}{l} $100K \\ $149K \end{tabular} & \begin{tabular}{l} $150K \\ $199K \end{tabular} & \begin{tabular}{l} $200K \\ $249K \end{tabular} & \begin{tabular}{l} $250K \\ and \\ Above \end{tabular} \\ \hline \begin{tabular}{l} Employee- \\ only \end{tabular} & $45.29 & $60.61 & $78.87 & $99.36 & $120.60 & $146.88 & $170.46 \\ \hline \begin{tabular}{l} Employee \& \\ child(ren) \end{tabular} & $81.52 & $109.10 & $141.98 & $178.84 & $217.08 & $264.37 & $306.83 \\ \hline \begin{tabular}{l} Employee \& \\ spouse \end{tabular} & $120.03 & $160.61 & $209.03 & $263.30 & $319.61 & $389.22 & $451.73 \\ \hline Family & $144.94 & $193.96 & $252.40 & $317.94 & $385.94 & $470.01 & $545.47 \\ \hline \end{tabular}