A.

Report the estimated monthly premium, estimated deductible, estimated out-of-pocket

maximum, and any copayments/coinsurance associated with the plan. What do these numbers
mean? How might these figures influence your decision to purchase a plan with similar
characteristics?
Monthly premium: 103.75
Deductible:500
Out of pocket maximum:6900

The first number is my monthly payment for insurance, the next number is the amount you pay
each visit and the third is the total amount you have to pay before insurance covers 100% of
expenses. When looking at plans this one made the most sense since these are the numbers
you want lowest and the other options had higher premiums, higher deductibles, and out of
pocket maximums so otherwise I’d be spending more money for worse benefits.

B. What other factors might be important in choosing a health plan (i.e. provider network,
covered drugs, etc.)? How does the plan you chose incorporate these factors?
My plan also incorporates $30 deductible for primary doctor and $10 drug deductibles so that
makes non urgent doctor visits more affordable for preventative measures and cheaper
medication costs.

C. Discuss what is most important to you in choosing a health insurance plan and how this
relates to this unit’s material regarding risk and your response to risk.

I think lower deductibles are more appealing to me because I’d rather not as much if I can avoid
it. I generally try to stay away from visiting hospitals but the lower deductible on primary doctors
also encourages me to visit my primary doctor to prevent long term health issues. But truthfully I
feel I could take lesser plan knowing at this stage in my life I’m not in as much risk but I tend to
air on the side of caution.