Day 132

Lesson Objectives

• Understand the importance of health insurance.

Assignment IU4.3

1. Watch Video 4.1
2. Record the missing words from pages 195-196 of the textbook as they pop up on the left side of the video screen by filling in this form.  (pages 195-196) .
3. Discussion Questions:
   1. When is it okay to not have health insurance coverage?
   2. What does changing your co-insurance do to your premium?
   3. What is a stop-loss point?  How does it affect your premium?
   4. What is an HSA?  Who should choose an HSA health plan option?

Assignment IU4.4

1. Make a copy of this Google Document (Espanol), rename it to Health Plan – (Your Initials), and move it into your Lesson 4 folder.
2. You will compare the two plans and calculate the out-of-pocket expense (the portion of the medical bill that insurance doesn’t cover) for each service.  Complete the document as directed in the directions within.

   **NOTE: “In-Network” doctors, hospitals, and medical providers have contracted with the insurance company to provide medical services to members at a certain rate. Members still have coverage at “Out-of-Network” providers, however the cost is greater. 

3. When you are finished, total up each column and use this audit to check your answers.