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9. Fiona and Franklin just bought a new Ford Fiesta. They love taking long drives with baby Finn and Fido. One day, they are going the wrong way on the highway and get into an accident. Thankfully they’re ok, but the driver of the other car has a fractured femur. Her medical costs and lost wages total $20,000. Franklin is worried that their auto insurance policy won’t cover the injured driver’s losses since the accident was Franklin’s fault. Is he right? _ ______________________________________________________________________________ _ ______________________________________________________________________________ 10. Fiona and Franklin’s Ford Fiesta has $2000 worth of damage. What part of their policy will cover the cost of the repairs ? Will that have to come out-of-pocket for any amount of these repairs? _ ______________________________________________________________________________ _ ______________________________________________________________________________ 11. Fiona is glad to have healthcare insurance because an old sports injury is acting up and she’s planning to go to a specialist who treated her years ago in the town where she grew up. What warning(s) can you give Fiona, whose plan is an HMO , about seeing her old doctor? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 12. Fiona’s plan administrator tells her to select a PCP from the HMO’s network . What is a PCP and a network? Why do HMO’s have these so-called networks? What happens if Fiona goes “out-of-network” ? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 13. Franklin’s auto policy says “Policy Limits: 100/300/50.” He thinks it has something to do with how fast he drives. What do these numbers mean? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ PRODUCT PREVIEW
Chapter 15 | Protect What You’ve Earned 300
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