Problem $9-6($LO$9\mathrm{.}2)$Ronald Roth started his new job as controller with Aerosystems

today. Carole, the employee benefits clerk, gave Ronald a packet

that contains information on the company$$s health insurance

options. Aerosystems offers its employees the choice between a

private insurance company plan $($Blue Cross$/$Blue Shield$),$ an HMO,

and a PPO. Ronald needs to review the packet and make a decision on

which health care program fits his needs. The following is an

overview of that information.$$Blue Cross$/$Blue Shield plan:$$The monthly premium

cost to Ronald will be $$43\mathrm{.}34.$ For all doctor office visits,

prescriptions, and major medical charges, Ronald will be

responsible for $25$ percent and the insurance company will cover $75$

percent of covered charges. The annual deductible is $$550.$The HMO is provided to employees free of charge. The copayment

for doctors$$ office visits and major medical charges is $$20.$

Prescription copayments are $$10.$ The HMO pays $100$ percent after

Ronald$$s copayment. No annual deductible.The POS requires that the employee pay $$25\mathrm{.}46$ per month to

supplement the cost of the program with the company$$s payment. If

Ron uses health care providers within the plan, he pays the

copayments as described above for the HMO. He can also choose to

use a health care provider out of the network and pay $25$ percent of

all charges after he pays a $$550$ deductible. The POS will pay for

$75$ percent of those covered visits. No annual deductible.$$

$$Ronald decided to review his medical bills from the previous

year to see what costs he had incurred and to help him evaluate his

choices. He visited his general physician five times during the

year at a cost of $$110$ for each visit. He also spent $$66$ and $$90$ on

prescriptions during the year.$$

$$What annual medical costs will Ronald pay using the sample

medical expenses provided if he were to enroll in the Blue

Cross$/$Blue Shield plan?$($Do not round intermediate

calculations.$$Round your answer to $2$ decimal

places.$)$