RIS Max and Sarah Smith a year a loan officer and earns $55.000 a year. Sarah works as a retail store manager and makes life expectancy is 80 years, and Sarah's is 82. They plan on retiring when they are 65. There are three health insurance policies that they could choose from (see pages 3-5). Health Insurance: a Help Max and Sarah 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 to evaluate their medical costs closer to $25,000 per year. Help the Smiths 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), High Medical Expenses (-$25,000/year) Low Medical Expenses (-$2,500/year) Blue FirstCare FirstCare Choice Bronze Gold Gold FirstCare Bronze FirstCare Gold Blue Choice Gold Estimated Medical Cost Out of Pocket Expenses 1 Annual Premium 2,519.64 3.255.12 4.004.28 2,519.64 3.255.12 4,004.28 Total Cost: Which plan should they choose? And Why? table Design Cat? Layout Hon Row Ve Cray Monthly Com $209.97 FirstCare Final Care Health Plans Bronze F Par MO HEALTH PLAST SED 30 Pame Subidy Dede Coinsurance Out of Pocket M 56350 Dedoche Cart Sharing Is Network Out of Network Thefortite adidas 54500 50 Deductible Family) $10.000 Calace 30 Out of Pocket Mass 56.350 50 Out of calcium (Family) 312.700 Service Out of Network Primary Care 500 Special 370 Cagayan dedekte 50 ta Patil Service 30 ctible 50 proces $900 Capa het dictable 3300 Metal/tehaviola ICEPET SC, MIRE Rehabilitated Therapy 30 Rew Physical The 50 S 8.8 & S8 & S8 $ 11 O 5 6 3 U G H U K B. V Monty Cout $271.26 FirstCare, PreCare Health Plans Gold ESTHES 09 Premium Subidy 5000 Dec CE Out of Pocket Menu S. 150 Out of Network IwNetwork 50 SO 30 Dedictibles and sharing Dedikas edecem CUTE Out of our Mail Owl sweet Mail) Sess Primary Care Speciali ris 10 512700 La Network 190 10 201 ON 818 R 8888888888? 3250 50 Mb WICHT Real Seed 10 E 07 3 5 6 8 G H K B N M Monthly Cost $333.69 BlueCross Blue Choice Gold PPO 002 BlueShield Blue Cross Blue Shield of Texas PPO $1,500 Premium: $333.69 Subsidy: 50.00 Deductible 20% Coinsurance Out of Pocket Maximum $3,500 More Details Find a Provider In Network Out of Network $1,500 $3,000 $9.000 $4,500 20% 40% $7,000 Deductibles and Cost Sharing Deductible (Individual) Deductible (Family) Coinsurance Out of Pocket Maximum (Individual) Out of Pocket Maximum (Family) Services Primary Care Visit Specialist Visit $3,500 $10,500 $21,000 In Network Out of Network $10 40% coinsurance $60 40% coinsurance In-Patient Hospital Services 40% coinsurance $200 Copay per Stay and 20% Coinsurance $400 Copay and 20% Coinsurance a Emergency Room Services 20% coinsurance after $400 copay visit Mental / Behavioral Health $10 copay 40% coinsurance Toine(CT PET SITTA 00