Match the health care cost type with its definition.
| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
Premium | arrow_right_alt | Amount paid out of pocket before insurance coverage kicks in |
Copayment | arrow_right_alt | Amount paid for insurance coverage |
Out-of-pocket maximum | arrow_right_alt | Fixed amount paid at the time of service |
Deductible | arrow_right_alt | Maximum amount an insured person has to pay in a year |
Match the health insurance plan type with its description.
| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
PPO | arrow_right_alt | Restricts coverage to a network of doctors and hospitals |
HMO | arrow_right_alt | Offers a wider choice of providers, but at a higher cost |
Sarah is shopping for health insurance plans. She finds two plans:
The Silver plan has a monthly premium of $120.
The Gold plan has a monthly premium of $225.
Calculate the annual cost of the Silver plan
Martin is shopping for health insurance plans. She finds two plans:
The Silver plan has a monthly premium of $120.
The Gold plan has a monthly premium of $225.
Calculate the annual cost of the Gold plan
George has health insurance with a $250 deductible. After meeting the deductible, the insurance covers 75% of his medical expenses. If George incurs $3,000 in medical expenses, how much will he have to pay out-of-pocket (deductible and the amount insurance doesn't cover)?
Rachel has a health insurance plan that requires a $15 co-payment for each doctor's visit. If she visits the doctor 5 times in a year, calculate the total amount she will spend on co-payments.
Jo's health insurance premium increased by 20% from last year. If his previous premium was $120 per month, what is his new monthly premium?