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Essay / Research Paper Abstract
A 5 page paper that begins with specific information about the members of a family with three children. The writer uses eHealthInsurance to research, review, and select two possible plans that may be affordable. The write calculate the estimated take-home pay based on mandatory fees and taxes. The details of two policies have been copied into the paper. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: ME12_PG699443.doc
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Unformatted sample text from the term paper:
of family members. This essay used: 6/3/1975 for the mother, 1/4/1975 for the father and 5/3/2001; 3/15/2003; and 2/10/2006 for the children. This takes the user to a list of
plans. The headline was that the program found 95 plans that begin at $365.06 per month. This would be an annual expense of $4,380.92. The fathers withholdings are equal to
6.2 percent up to an annual maximum for Social Security, 1.45 percent for Medicare, Federal Income tax withholding, state income tax, and other possible withholding such as state disability taxes
(Blaricom, 2012). The FICA the employee pays is only half the bill, the employer pays the other half. The Tax Relief Bill of 2010 which was extended reduces employees contribution
to Social Security to 4.2 percent for 2011 and 2012 but then it reverts back (Blaricom, 2012). The total of these two taxes is 5.65 which is $3,164. This reduces
the fathers paycheck to $52,836. Take-home pay is further reduced by federal and state taxes and these will depend on the number of dependents the father claims on his forms.
Since the mother is a stay-at-home mom, there is no other income for the family. Necessary expenses will likely total more than 60 percent of the take-home income leaving the
family with $15,000 at most for health insurance, medical expenses, and other emergencies. Health Insurance Plan Options Once then user is taken to a site that lists the different
insurance programs, the user can sort and organize according to company or monthly cost. I clicked "under $400" which led to three plans that did not offer much in the
way of services. All required a deductible to be met before the policy picked up anything. The selection for $400-500 monthly premiums was much better. United and Cigna offered office
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