Scan Medical Insurance

need help with financial math question?

You can buy a group major medical insurance plan from your employer at a monthly premium of $65 or buy an individual policy for $895 annually. What is the difference in the annual premiums? I have no idea how to work this problem out

Public Comments

1. I'll give it a try. $65*12=780 The difference annually is $115.
2. x 65 by 12 and subtract the number and the $895
3. 65*12 = 780 monthly premiums 895 - 780 = 115