Health Insurance Assignment
Having adequate health insurance is critically important to your financial plan. Health care costs have grown dramatically in recent years, and a major illness or accident could wipe you and your family out financially if you are uninsured. Yet health insurance policies are complicated to price and to compare.
This assignment will help students understand the differences in two common types of health insurance policies – HMOs and traditional insurance.
INSTRUCTIONS
HMO plans and traditional health insurance plans (also called indemnity plans or fee-for-services plans) take different approaches to health care. After reading and studying Chapter 9 in the textbook, answer the following questions:
What are the major differences between the two types of plans? Be sure to address the following:
Cost of premiums
Cost of treatment when received
Any rules regarding seeking treatment
Which plan would you prefer for a family of 5’s (2 adults and 3 kids) health care protection, and why?
Why should health insurance planning be included in your personal financial plan?
Save your Word document as “health insurance – your name”. Your document should be a minimum of three complete paragraphs. Please be sure to proofread for proper grammar and sentence structure.
