Complete the two (2) scenarios below to complete this week’s Case Study Discussion.
1. Scenario One – Insurance You Can Live Without. Watch the video below.
Insurance Policies You Can Live Without [2:25]
After watching the video, answer the questions below.
Which one of these policies seems the most outrageous to you? Why?
Why do you believe this type of policy exists in the first place?
Identify two alternatives to purchasing this type of policy.
2. Scenario Two – Health Insurance
John is a sophomore in college and used to be on his mother’s health insurance plan. His mom recently changed jobs and her benefits package changed. As a result, she can no longer afford to pay for John’s health insurance. He is a healthy Christian, 20-year-old and a full-time student. He works part-time to cover his living expenses, but does not have much left over at the end of each month. He’s saving up for a car and hates the idea of spending money on health insurance when he hardly ever goes to the doctor.
Research insurance options for someone in his situation and explain at least ONE different health insurance option. Also, identify the risk vs. the reward for this option.
Should John go without health insurance and continue saving up for a car? Why or why not?
Would a Health Saving Account (HSA) be a good option for John? Why or why not?
Respond to each of the scenarios above.
Which one of these policies seems the most outrageous to you?
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