Word bank: Deductible · emergency · generally · share · yearly

1. Premium = regular cost. = you pay first.
2. Coinsurance = your after the deductible.
3. Out-of-pocket max caps your costs.
4. Parent's health plan until 26 ().
5. Keep your deductible in your fund.

1. You have a $1,000 deductible and 20% coinsurance. You get a $5,000 covered bill (and haven't hit your out-of-pocket maximum).

   1. How much do you pay?

   • A. $1,000
   • B. $5,000
   • C. $1,800
   • D. $3,200

2. 2. Under the Affordable Care Act, you can generally stay on a parent's health plan until age 26.

   True/False

3. 3. What's usually true about premiums and deductibles?

   • A. Lower premiums usually come with higher deductibles.
   • B. They're always the same amount.
   • C. Higher premiums always mean higher deductibles.
   • D. Deductibles don't affect what you pay.

1. 1. A $2,000 medical bill, a $500 deductible, and 20% coinsurance. How much do you pay?

2. 2. Who might prefer a plan with a low premium and a high deductible? Who might prefer the opposite?

1. 1. Would you choose a low premium or a low deductible? Why?

2. 2. Why do you think young, healthy people sometimes skip insurance? What's the risk?