Health Insurance Costs

Health Insurance Costs

• What are typical costs related to health insurance plans?

• How do costs and coverages differ between health insurance plans?

Fill in the Blank

On average, how much does it cost for the medical treatment of a broken arm?

$

(

$

,

)

Fill in the Blank

Average cost of a normal (no complications) pregnancy and childbirth

$

,

Fill in the Blank

Average cost per year for an individual health insurance plan

$

,

Comparing
Costs & Coverages

• Premium

• Deductible

• Copay

• Out-of-Pocket Max

​

​Important Terms

Fill in the Blank

Adayna wants to sign up for the Employee & Spouse Economy Plan

being offered by her employer and plans to only use in-network physicians.

How much will her monthly PREMIUM be?

$

Multiple Choice

Trey is looking to buy a health plan for himself and his family.

The maximum out-of-pocket cost he would have to pay using the Standard Plan is  ________, while the maximum out-of-pocket cost he would to pay using the Economy Plan is _________. 

• $3,300 $12,000

• $7,000 $6,000

• $6,600 $14,000

• $3,300 $7,000

Categorize

Options (4)

$230

$2400

$12,000

$0

On the first day of the year, while covered as an individual under the Economy Plan, Jackie broke her leg while skiing. She incurred the following bills: ambulance ride to hospital ($450), emergency room services,

X-Ray of her broken leg ($530) and outpatient surgery to repair the broken leg ($16,000).

Premium

Deductible

Out-of-Pocket Max

ER Copay

Categorize

Options (4)

The maximum amount you have to pay for covered services in a plan year

The cost of the health insurance plan. Typically paid per month or paycheck.

Fixed amount you pay for covered services after you've paid your deductible

Must be paid before insurance starts to pay for covered services

Match the definition with each term

Premium

Copay

Deductible

Out-of-Pocket Limit

Open Ended

OPTIONAL: What question(s) do you have about health insurance costs?