2. Benefit of health insurance - A cautionary tale following table. Compute Hilary's total premiums: Except for an occasional minor illness requiring a doctor's attention, a drug prescription, and periodic, routine tests, Hilary enjoyed good health during those years. Because she had no reason to think that would change, by the end of 2018 , Hilary was considering dropping her health insurance coverage. After all, she could think of a lot of other uses for the thousands of dollars she spent each year increasing to pay premiums for another year but planned to take another look at her health care plan at the end of 2019. It Could Happen to You, It Could Happen to Me within her skill level, and maintained an awareness of people and objects near her. Even though she thought it was a bit dorky to wear wrist and a helmet, her friends insisted that she take standard and reasonable safety measures. Hilary was enjoying the day when, from out of nowhere (actually, the woods), came an out of control skier who ran into Hilary. Hilary and taken to the nearest hospital by ambulance. Hilary's injuries included a broken wrist and elbow as well as cuts and bruises. Of biggest concern was the uncertainty of hery a couple of days in intensive care. Fortunately, she didn't have a broken skull, but did have a concussion. Surgery was performed to repair the broken wrist and elbow. Since Hilary was in good health, her recovery was complete. Hilary returned to full function in about six months. Soon after Hilary returned home, however, the medical bills for the ambulance, emergency room, intensive care, medications, doctors, tests, and other services arrived. Hilary also had to have physical therapy for her wrist and elbow. Her total medical expenses were $35,000. It was time to find out if all those premiums paid since 2016 would pay off for just one, albeit dramatic, incident. Overall, Hilary's insurance paid 80% of the total medical expenses, thus making her responsible for - Hilary's insurance paid Her out-of-pocket expenses for the accident of plus the 2019 insurance premiums of totaled If Hilary had canceled her health insurance at the end of 2018, her out-of-pocket expenses for the accident would have been . In this case, did Hilary benefit from having health insurance? What are reasonable morals of the story? Check all that apply. Don't get sick. It can be financially risky to go without health insurance. Never leave the house. Think long and hard about the best tradeoff of coverage and cost in a health care plan. Your health can change in an instant. Some employers pay part or all of the health insurance premiums for employees who are enrolled in one of the companys spored the same coverage. Instead of paying premiums of over the years, Hilary would have paid and saved In this case, Hilary's out-of-pocket expenses specific to her snowboarding accident would have been they actually were because