\begin{tabular}{|c|c|c|c|} \hline FirstCare. & \begin{tabular}{l} FirstCare Health Plans Gold \\ Firstcara Heath Flans \\ HisO \end{tabular} & & \begin{tabular}{l} Monthly Cost \\ $271.26 \end{tabular} \\ \hline Deductible & & 0% & \multirow{4}{*}{\begin{tabular}{l} Premium: 3271.26 \\ Subsidy: 50.00 \end{tabular}} \\ \hline Coinsurance & & 20% & \\ \hline \multicolumn{2}{|c|}{ Out of Pocket Maximum } & $6,350 & \\ \hline \multicolumn{2}{|l|}{ More Details Find a Pluvider } & & \\ \hline \multicolumn{2}{|c|}{ Deductibles and Coat sharing } & In Natwork & Out of Network \\ \hline \multicolumn{2}{|l|}{ Deductible (indlividual) } & $0 & 50 \\ \hline \multicolumn{2}{|l|}{ Deductible (Family) } & 30 & 50 \\ \hline \multicolumn{2}{|l|}{ Coinsurance } & 20% & 50 \\ \hline \multicolumn{2}{|c|}{ Out of Pocket Maximum (Individual) } & $6,350 & 50 \\ \hline \multicolumn{2}{|c|}{ Out of Pocket Maximum (Familiy) } & $12,700 & 50 \\ \hline \multicolumn{2}{|l|}{ services } & in Notwork & Out of Network \\ \hline \multicolumn{2}{|l|}{ Primary Care vieit } & $30 & 50 \\ \hline \multicolumn{2}{|l|}{ specialiat Viait } & $50 & 50 \\ \hline \multicolumn{2}{|c|}{ In Pattent Hoopital services } & 20% & 50 \\ \hline \multicolumn{2}{|c|}{ Emergency Room services } & $250 & $250 copay \\ \hline \multicolumn{2}{|c|}{ Mental / Behavioral Health } & $50 copay & 50 \\ \hline \multicolumn{2}{|c|}{ Imaging (CT/PET scans, MRIB) } & 20% coinsurance & 50 \\ \hline \multicolumn{2}{|c|}{ Rehabllitative speech Therapy } & $50 copay & 50 \\ \hline \multicolumn{2}{|c|}{ Rehabilitative Occupational \& Phyalcal Therapy } & $50 copay & 50 \\ \hline \multicolumn{2}{|l|}{ Preventative Care } & 50 & 50 \\ \hline \multicolumn{2}{|c|}{ Laboratory Outpatient and Profeasional services } & $0 & 50 \\ \hline \multicolumn{2}{|c|}{X-ray and Diagnoatic Imaging } & $0 & 50 \\ \hline \multicolumn{2}{|l|}{ Prescription Druga } & In Network & Out of Network \\ \hline \multicolumn{2}{|l|}{ Generlc Rx } & $20 & \\ \hline \multicolumn{2}{|l|}{ Preferred Brand Rx } & $50 & \\ \hline \multicolumn{2}{|l|}{ Non Preferred Brand Rx} & $70 & \\ \hline \multicolumn{2}{|l|}{ Speclaity Drugs } & 20% & \\ \hline \end{tabular} Health Insurance: There are three health insurance policies that they could choose from (see attached last 3 pages). 1. Help Kyle and Stacy determine which of the three plans to choose. They want to know which plan would be best if they estimate their medical costs at approximately $13,500 per year and which plan to use if they estimate their medical costs closer to $45,000 per year. Help the Crawley family determine how much of their risk they should transfer and how much they should retain (higher deductibles/co-insurance means they are retaining more risk). You will enter your data into canvas for submission and to check for accuracy. (Hint 1: Find out which one provides sufficient coverage at a reasonable cost.) Which plan should they choose? And Why? Justify your recommendations from the course materials, you must cite where in the materials you found your justifications. Do not simply google answers, use your book! Life Insurance: In addition to their current situation, Kyle's grandfather was a professional golfer and is expected to give Kyle $2,000,000 in various assets (net of taxes) in 20 years. Kyle is concerned with the taxes associated with leaving assets behind to his kids. Kyle and Stacy would like to make sure they have enough insurance to pay off their debts, pay for funeral expenses, replace the other's salary, and provide assets to allow for 1 year of grieving time. Mortgage: 41 months into a 30 -year mortgage: Current balance is $284,685;3.25% interest rate Car: Disability Insurance: 5. Based on this course what type of disability insurance should the Crawley's get? How much? Justify your recommendations from the course materials, you must cite where in the materials you found your justifications \begin{tabular}{|c|c|c|c|} \hline FirstCare & FirstCare Health Plans Bronze & & \multirow{2}{*}{\begin{tabular}{l} Monthly Cost \\ $209.97 \end{tabular}} \\ \hline & \begin{tabular}{l} Firsteara Health Plans \\ HMO \end{tabular} & & \\ \hline \multicolumn{2}{|l|}{ Deductible } & $4,500 & \multirow{3}{*}{\begin{tabular}{c} Premium: $205.97 \\ Subsidy: $0.00 \end{tabular}} \\ \hline \multicolumn{2}{|l|}{ Coinsurance } & 30% & \\ \hline \multicolumn{2}{|c|}{ Out of Pocket Maximum } & $6.350 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Deductibles and Coat sharing & In Network & Out of Network \\ \hline Deductible (indlividual) & $4,500 & $0 \\ \hline Deductible (Family) & $10,000 & $0 \\ \hline Colnaurance & 30% & $0 \\ \hline Out of Pocket Maximum (Individual) & $6,350 & $0 \\ \hline Out of Pocket Maximum (Family) & $12,700 & $0 \\ \hline services & In Network & Out of Network \\ \hline Primary Care vielt & $60 & so \\ \hline speciallat viait & 570 Copay aner deductiole & so \\ \hline In Pattent Hospital services & 30% Coinwurance aner deductiole & 50 \\ \hline Emergency Room services & $300 Copay aner deductible & $300 opay \\ \hline Mental / Behavioral Health & $70 oopay & 50 \\ \hline Imaging (CT/PET Scans, MRIB) & 30% coinsurance & 50 \\ \hline Rehabilitative speech Therapy & $70 copay & 50 \\ \hline \begin{tabular}{l} Rehabilitative Occupational \& \\ Phyaical Therapy \end{tabular} & $70 copay & 50 \\ \hline Preventative Care & 50 & 50 \\ \hline \begin{tabular}{l} Laboratory Outpatient and \\ Profeasional Services \end{tabular} & 50 & 50 \\ \hline X-ray and Diagnoatic Imaging & 30% coinsurance & 50 \\ \hline Preacription Druge & In Network & Out of Network \\ \hline Generic Rx & $20 Copay after deductiole & \\ \hline Preferred Brand Rx & $50 Copay after deductiole & \\ \hline Non Preferred Brand Rx & $70 Copay after deductiole & \\ \hline Speclaity Druga & Coinsurance after deductiole & \\ \hline \end{tabular} 5 months into a 60 -month loan for the truck: Current balance is $46,589;1.9% interest rate Funeral Expenses: Unsure, they need your help researching it. They want a nice service with food, limos for family, lots of flowers, premium caskets, and nice head stones 2. What types of life insurance do you recommend for the Crawley's? 3. How much coverage do you recommend overall, for each client, and for each type of policy? a. Hint, you'll probably layer different coverages and policy types. 4. Justify your recommendations from the course materials, you must cite where in the materials you found your justifications. a. Do not simply google answers, use your book! Stacy and Kyle Crawley have asked for your assistance putting together an insurance plan. They are both 28 years old and have a 3 -year-old son and a 1 -year-old daughter. They want to make sure they are taking the right steps financially. You will assist them and make recommendations for improving their situation at a meeting with them November 10th. Kyle is an engineer and earns $60,000 a year. Stacy is a pastry chef and earns $50,000 a year. Kyle's life expectancy is 90 years and Stacey's is 95 . They plan on retiring when they are 67 . They are saving 5% of their salary to their 401(k) plans and they get a 3% match. Currently, Kyle has $31,000 in his 401(k) and Stacy has $38,000 in her 401(k) plan. \begin{tabular}{|c|c|c|c|} \hline FirstCare. & \begin{tabular}{l} FirstCare Health Plans Gold \\ Firstcara Heath Flans \\ HisO \end{tabular} & & \begin{tabular}{l} Monthly Cost \\ $271.26 \end{tabular} \\ \hline Deductible & & 0% & \multirow{4}{*}{\begin{tabular}{l} Premium: 3271.26 \\ Subsidy: 50.00 \end{tabular}} \\ \hline Coinsurance & & 20% & \\ \hline \multicolumn{2}{|c|}{ Out of Pocket Maximum } & $6,350 & \\ \hline \multicolumn{2}{|l|}{ More Details Find a Pluvider } & & \\ \hline \multicolumn{2}{|c|}{ Deductibles and Coat sharing } & In Natwork & Out of Network \\ \hline \multicolumn{2}{|l|}{ Deductible (indlividual) } & $0 & 50 \\ \hline \multicolumn{2}{|l|}{ Deductible (Family) } & 30 & 50 \\ \hline \multicolumn{2}{|l|}{ Coinsurance } & 20% & 50 \\ \hline \multicolumn{2}{|c|}{ Out of Pocket Maximum (Individual) } & $6,350 & 50 \\ \hline \multicolumn{2}{|c|}{ Out of Pocket Maximum (Familiy) } & $12,700 & 50 \\ \hline \multicolumn{2}{|l|}{ services } & in Notwork & Out of Network \\ \hline \multicolumn{2}{|l|}{ Primary Care vieit } & $30 & 50 \\ \hline \multicolumn{2}{|l|}{ specialiat Viait } & $50 & 50 \\ \hline \multicolumn{2}{|c|}{ In Pattent Hoopital services } & 20% & 50 \\ \hline \multicolumn{2}{|c|}{ Emergency Room services } & $250 & $250 copay \\ \hline \multicolumn{2}{|c|}{ Mental / Behavioral Health } & $50 copay & 50 \\ \hline \multicolumn{2}{|c|}{ Imaging (CT/PET scans, MRIB) } & 20% coinsurance & 50 \\ \hline \multicolumn{2}{|c|}{ Rehabllitative speech Therapy } & $50 copay & 50 \\ \hline \multicolumn{2}{|c|}{ Rehabilitative Occupational \& Phyalcal Therapy } & $50 copay & 50 \\ \hline \multicolumn{2}{|l|}{ Preventative Care } & 50 & 50 \\ \hline \multicolumn{2}{|c|}{ Laboratory Outpatient and Profeasional services } & $0 & 50 \\ \hline \multicolumn{2}{|c|}{X-ray and Diagnoatic Imaging } & $0 & 50 \\ \hline \multicolumn{2}{|l|}{ Prescription Druga } & In Network & Out of Network \\ \hline \multicolumn{2}{|l|}{ Generlc Rx } & $20 & \\ \hline \multicolumn{2}{|l|}{ Preferred Brand Rx } & $50 & \\ \hline \multicolumn{2}{|l|}{ Non Preferred Brand Rx} & $70 & \\ \hline \multicolumn{2}{|l|}{ Speclaity Drugs } & 20% & \\ \hline \end{tabular} Health Insurance: There are three health insurance policies that they could choose from (see attached last 3 pages). 1. Help Kyle and Stacy determine which of the three plans to choose. They want to know which plan would be best if they estimate their medical costs at approximately $13,500 per year and which plan to use if they estimate their medical costs closer to $45,000 per year. Help the Crawley family determine how much of their risk they should transfer and how much they should retain (higher deductibles/co-insurance means they are retaining more risk). You will enter your data into canvas for submission and to check for accuracy. (Hint 1: Find out which one provides sufficient coverage at a reasonable cost.) Which plan should they choose? And Why? Justify your recommendations from the course materials, you must cite where in the materials you found your justifications. Do not simply google answers, use your book! Life Insurance: In addition to their current situation, Kyle's grandfather was a professional golfer and is expected to give Kyle $2,000,000 in various assets (net of taxes) in 20 years. Kyle is concerned with the taxes associated with leaving assets behind to his kids. Kyle and Stacy would like to make sure they have enough insurance to pay off their debts, pay for funeral expenses, replace the other's salary, and provide assets to allow for 1 year of grieving time. Mortgage: 41 months into a 30 -year mortgage: Current balance is $284,685;3.25% interest rate Car: Disability Insurance: 5. Based on this course what type of disability insurance should the Crawley's get? How much? Justify your recommendations from the course materials, you must cite where in the materials you found your justifications \begin{tabular}{|c|c|c|c|} \hline FirstCare & FirstCare Health Plans Bronze & & \multirow{2}{*}{\begin{tabular}{l} Monthly Cost \\ $209.97 \end{tabular}} \\ \hline & \begin{tabular}{l} Firsteara Health Plans \\ HMO \end{tabular} & & \\ \hline \multicolumn{2}{|l|}{ Deductible } & $4,500 & \multirow{3}{*}{\begin{tabular}{c} Premium: $205.97 \\ Subsidy: $0.00 \end{tabular}} \\ \hline \multicolumn{2}{|l|}{ Coinsurance } & 30% & \\ \hline \multicolumn{2}{|c|}{ Out of Pocket Maximum } & $6.350 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Deductibles and Coat sharing & In Network & Out of Network \\ \hline Deductible (indlividual) & $4,500 & $0 \\ \hline Deductible (Family) & $10,000 & $0 \\ \hline Colnaurance & 30% & $0 \\ \hline Out of Pocket Maximum (Individual) & $6,350 & $0 \\ \hline Out of Pocket Maximum (Family) & $12,700 & $0 \\ \hline services & In Network & Out of Network \\ \hline Primary Care vielt & $60 & so \\ \hline speciallat viait & 570 Copay aner deductiole & so \\ \hline In Pattent Hospital services & 30% Coinwurance aner deductiole & 50 \\ \hline Emergency Room services & $300 Copay aner deductible & $300 opay \\ \hline Mental / Behavioral Health & $70 oopay & 50 \\ \hline Imaging (CT/PET Scans, MRIB) & 30% coinsurance & 50 \\ \hline Rehabilitative speech Therapy & $70 copay & 50 \\ \hline \begin{tabular}{l} Rehabilitative Occupational \& \\ Phyaical Therapy \end{tabular} & $70 copay & 50 \\ \hline Preventative Care & 50 & 50 \\ \hline \begin{tabular}{l} Laboratory Outpatient and \\ Profeasional Services \end{tabular} & 50 & 50 \\ \hline X-ray and Diagnoatic Imaging & 30% coinsurance & 50 \\ \hline Preacription Druge & In Network & Out of Network \\ \hline Generic Rx & $20 Copay after deductiole & \\ \hline Preferred Brand Rx & $50 Copay after deductiole & \\ \hline Non Preferred Brand Rx & $70 Copay after deductiole & \\ \hline Speclaity Druga & Coinsurance after deductiole & \\ \hline \end{tabular} 5 months into a 60 -month loan for the truck: Current balance is $46,589;1.9% interest rate Funeral Expenses: Unsure, they need your help researching it. They want a nice service with food, limos for family, lots of flowers, premium caskets, and nice head stones 2. What types of life insurance do you recommend for the Crawley's? 3. How much coverage do you recommend overall, for each client, and for each type of policy? a. Hint, you'll probably layer different coverages and policy types. 4. Justify your recommendations from the course materials, you must cite where in the materials you found your justifications. a. Do not simply google answers, use your book! Stacy and Kyle Crawley have asked for your assistance putting together an insurance plan. They are both 28 years old and have a 3 -year-old son and a 1 -year-old daughter. They want to make sure they are taking the right steps financially. You will assist them and make recommendations for improving their situation at a meeting with them November 10th. Kyle is an engineer and earns $60,000 a year. Stacy is a pastry chef and earns $50,000 a year. Kyle's life expectancy is 90 years and Stacey's is 95 . They plan on retiring when they are 67 . They are saving 5% of their salary to their 401(k) plans and they get a 3% match. Currently, Kyle has $31,000 in his 401(k) and Stacy has $38,000 in her 401(k) plan