Can you check my numbers ?
1. Hralik Javeranct. Prescription Drugs Non Preferred Brand Rx 0 Copay after deductible Specialfy Drugs 30% Coinsurance after deductible MonthlyCost$271.26 \& FirstCare HLAH PLA HMO Heath Plans More Details Find a Provider \begin{tabular}{lll} Deductibles and Cost Sharing & In Network & Out of Network \\ \hline Deductible (Individual) & $0 & $0 \\ Deductible (Family) & $0 & $0 \\ Coinsurance & 20% & $0 \\ Out of Pocket Maximum (Individual) & $6,350 & $0 \end{tabular} Prescription Drugs In Network Out of Network Specialty Drugs 20% Monthly Cost BlueCross BlueShield. Blue Cross Blue Shield of Texas PPO DeductibleSubsidy:$0.00$1.500Premium:$333.69 More Details Find a Provder \begin{tabular}{lll} Deductibles and Cost Sharing & In Network & Out of Network \\ \hline Deductible (Individual) & $1,500 & $3,000 \\ Deductible (Family) & $4,500 & $9,000 \\ Coinsurance & 20% & 40% \\ Out of Pocket Maximum (Individual) & $3,500 & $7,000 \end{tabular} Learning Goals: - Understand the concept of protection and how it relates to risk and risk management. - Understand the role of insurance in protecting human, financial, and property assets. - Understand the importance of basic estate planning documents. Don and Kasey Johnson are a married couple. They are both 30 years old and they have a 3-year-old girl. Don is a loan officer and earns $75,000 a year. Kasey works as a retail store manager and carns $45,000 a year. Don's life expectancy is 80 years and Kasey is 82 . They plan on retiring when they are 65 . There are three bealth insurance polioies that they could choose from (see page 3-5). 1. Health Insurance: a. Help Don and Kasey to 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 $2,500 per year and which plan to use if they estimate their medical costs closer to $25,000 per year. Help the Johnsons determine how much of their risk they should transfer and how much they should retain (for example a higher deductible means they are retaining more risk). b. Now suppose you are choosing the insurance for yourself. Based on your own situation, what is your annual medical cost and which insurance are you going to choose based on your family, history. lifestyle, ete.? Why? 1. Hralik Javeranct. Prescription Drugs Non Preferred Brand Rx 0 Copay after deductible Specialfy Drugs 30% Coinsurance after deductible MonthlyCost$271.26 \& FirstCare HLAH PLA HMO Heath Plans More Details Find a Provider \begin{tabular}{lll} Deductibles and Cost Sharing & In Network & Out of Network \\ \hline Deductible (Individual) & $0 & $0 \\ Deductible (Family) & $0 & $0 \\ Coinsurance & 20% & $0 \\ Out of Pocket Maximum (Individual) & $6,350 & $0 \end{tabular} Prescription Drugs In Network Out of Network Specialty Drugs 20% Monthly Cost BlueCross BlueShield. Blue Cross Blue Shield of Texas PPO DeductibleSubsidy:$0.00$1.500Premium:$333.69 More Details Find a Provder \begin{tabular}{lll} Deductibles and Cost Sharing & In Network & Out of Network \\ \hline Deductible (Individual) & $1,500 & $3,000 \\ Deductible (Family) & $4,500 & $9,000 \\ Coinsurance & 20% & 40% \\ Out of Pocket Maximum (Individual) & $3,500 & $7,000 \end{tabular} Learning Goals: - Understand the concept of protection and how it relates to risk and risk management. - Understand the role of insurance in protecting human, financial, and property assets. - Understand the importance of basic estate planning documents. Don and Kasey Johnson are a married couple. They are both 30 years old and they have a 3-year-old girl. Don is a loan officer and earns $75,000 a year. Kasey works as a retail store manager and carns $45,000 a year. Don's life expectancy is 80 years and Kasey is 82 . They plan on retiring when they are 65 . There are three bealth insurance polioies that they could choose from (see page 3-5). 1. Health Insurance: a. Help Don and Kasey to 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 $2,500 per year and which plan to use if they estimate their medical costs closer to $25,000 per year. Help the Johnsons determine how much of their risk they should transfer and how much they should retain (for example a higher deductible means they are retaining more risk). b. Now suppose you are choosing the insurance for yourself. Based on your own situation, what is your annual medical cost and which insurance are you going to choose based on your family, history. lifestyle, ete.? Why
