In 2016, Darnell became responsible for providing his own health insurance. He obtained suitable coverage and paid annual premiums as shown in the following table. Compute Darnells total premiums:

Darnells Premiums
2016	$4,479
2017	4,704
2018	4,824
2019	5,049
Total

Except for an occasional minor illness requiring a doctors attention, a drug prescription, and periodic, routine tests, Darnell enjoyed good health during those years. Because he had no reason to think that would change, by the end of 2018, Darnell was considering dropping his health insurance coverage. After all, he could think of a lot of other uses for the thousands of dollars he spent each year on increasing premiums. Darnell decided to pay premiums for another year but planned to take another look at his health care plan at the end of 2019.

It Could Happen to You, It Could Happen to Me

In December 2019, Darnell accepted an invitation from friends to go snowboarding. Darnell did everything right: took a lesson, stayed on trails well within his skill level, and maintained an awareness of people and objects near him. Even though he thought it was a bit dorky to wear wrist guards and a helmet, his friends insisted that he take standard and reasonable safety measures.

Darnell was enjoying the day when, from out of nowhere (actually, the woods), came an out of control skier who ran into Darnell. Darnell was injured and taken to the nearest hospital by ambulance.

Darnells injuries included a broken wrist and elbow as well as cuts and bruises. Of biggest concern was the uncertainty of his head injury. Darnell spent a couple of days in intensive care. Fortunately, he didnt have a broken skull, but did have a concussion. Surgery was performed to repair the broken wrist and elbow. Since Darnell was in good health, his recovery was complete. Darnell returned to full function in about six months.

Soon after Darnell returned home, however, the medical bills for the ambulance, emergency room, intensive care, medications, doctors, tests, and other services arrived. Darnell also had to have physical therapy for his wrist and elbow. His total medical expenses were $30,000. It was time to find out if all those premiums paid since 2016 would pay off for just one, albeit dramatic, incident.

Overall, Darnells insurance paid 80% of the total medical expenses, thus making him responsible for _____% of the expenses, or $_____. Darnells insurance paid $_____. His out-of-pocket expenses for the accident of $_____ plus the 2019 insurance premiums of $_____ totaled $_____.

If Darnell had canceled his health insurance at the end of 2018, his out-of-pocket expenses for the accident would have been $_____. In this case, did Darnell benefit from having health insurance? _____ (neither, yes or no) .

What are reasonable morals of the story? Check all that apply.

Dont get sick.

Never leave the house.

Your health can change in an instant.

It can be financially risky to go without health insurance.

Avoid engaging in physical activity.

Some employers pay part or all of the health insurance premiums for employees who are enrolled in one of the companys sponsored plans. Assume that during the same time period that Darnell paid for his premiums in full that he had, instead, worked for a firm that paid 50% of his premiums for the same coverage. Instead of paying premiums of $_____ over the years, Darnell would have paid $_____ and saved $_____.

In this case, Darnells out-of-pocket expenses specific to his snowboarding accident would have been _____ (less than, the same as, more than) they actually were because _____ (jis employer only contributes to premiums; the more premium the employer pays, the more coverage there is; the more premium the employer pays, the less coverage there is) .