COPYRIGHTED MATERIAL
LET’S PRACTICE
Name: _____________________________________________________________________________
14. Fiona is visiting her mother in Florida. She’s not too swift behind the wheel and has a fender bender at an intersection. She is sure it’s the other driver’s fault and tells her insurance company to sue them! They refuse because they are in a no-fault state. What does this mean? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 15. Fiona arrives at her PCP’s office. Without even looking up, the receptionist asks for her copay . Is this normal? About how much might a copay be? _ ______________________________________________________________________________ _ ______________________________________________________________________________ 16. Fiona’s friend Franco, whose healthcare plan is a PPO , needs surgery. He has already paid $500 for coinsurance. He long ago met his annual deductible of $1000. His plan has an out-of-pocket annual maximum of $1500. Will he have to pay for this surgery? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 17. It’s early December. Franco’s plan’s benefit year is based on the calendar year. Keeping in mind the facts of question 16, Franco thinks he’ll wait until after January 1 to schedule his surgery. Tell him why that’s not a great idea. _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 18. Franklin and Fiona are worried about how they would make ends meet if one of them dies. After all, there’s the mortgage payment, credit card bills, student loan payments, and Baby Finn’s college education. What kind of insurance is designed to replace lost income in the event an income earner dies? Explain how it works. _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ PRODUCT PREVIEW
THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY 301
Made with FlippingBook - Online catalogs