Richard is 35, single, and in reasonably good health. He works for a construction company that offers three health insurance plans. The first has a lifetime benefit of $1 million for all covered expenses, an annual deductible of $500, and a 15 percent coinsurance provision up to the first $2,000 in covered charges. The second requires a monthly premium of $50 and sets a $500,000 lifetime limit on benefits, has no annual deductible, and requires a $15 co-payment per office visit. The third has an annual deductible of $250 and a 25 percent coinsurance provision up to the first $1,500 in covered charges, with a lifetime limit on benefits of $700,000. Which plan should Richard choose?