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Refer to the Flexible Insurance Coverage case. Design a spreadsheet that will allow an individual employee with estimated annual medical expenses of $400 to compare

Refer to the Flexible Insurance Coverage case. Design a spreadsheet that will allow an individual employee with estimated annual medical expenses of $400 to compare the total expenses under each plan. Need to know what to enter in the spreadsheet.

Flexible Insurance Coverage Parameters Policy Parameters Premium Data PlanDeductibleFamilyCo-Ins Size 1Size 2Size >2 1150025000% 182536514929 2500100020% 201640325444 325050020% 224544916063 410020010% 257751546959 EmployeeFamily Enter 3 AnnualParentParentChildTotal DataSize3for Family Expenses600120001800 Costs Outlays PayCo-PayTotal Hint: Formulas in the costs section begin with "=Min" Check:B16 = 500E17 = 500 C18 = 100G15 = 1800 Cost Premiumw/ Premium Best Plan Hint: Cells B22:B25 begin with "=Choose" #N/A Check: Cell C26 = 6604 0min Best Plan = 2

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