Drop down options from top to bottom

1.) No / Neither, she broke even

2.) The same as / more than / less than

3.) her employer only contributes to premiums / the more premium her employer pays, the less coverage there is / the more premium her employer pays, the more coverage there is

2. Benefit of health insurance - A cautionary tale In 2016, Maria became responsible for providing her own health insurance. She obtained suitable coverage and paid annual premiums as shown in the following table. Compute Maria's total premiums: Maria's Premiums 2016 $4,479 2017 4,704 2018 4,824 2019 5,049 Total $ Except for an occasional minor illness requiring a doctor's attention, a drug prescription, and periodic, routine tests, Maria enjoyed good health during those years. Because she had no reason to think that would change, by the end of 2018, Maria was considering dropping her health insurance coverage. After all, she could think of a lot of other uses for the thousands of dollars she spent each year on increasing premiums. Maria decided to pay premiums for another year but planned to take another look at her health care plan at the end of 2019. It Could Happen to You, It Could Happen to Me In December 2019, Maria accepted an invitation from friends to go snowboarding. Maria did everything right: took a lesson, stayed on trails well within her skill level, and maintained an awareness of people and objects near her. Even though she thought it was a bit dorky to wear wrist guards and a helmet, her friends insisted that she take standard and reasonable safety measures. Maria was enjoying the day when, from out of nowhere (actually, the woods), came an out of control skier who ran into Maria. Maria was injured and taken to the nearest hospital by ambulance. Maria's injuries included a broken wrist and elbow as well as cuts and bruises. Of biggest concern was the uncertainty of her head injury. Maria spent a couple of days in intensive care. Fortunately, she didn't have a broken skull, but did have a concussion. Surgery was performed to repair the broken wrist and elbow. Since Maria was in good health, her recovery was complete. Maria returned to full function in about six months. Soon after Maria returned home, however, the medical bills for the ambulance, emergency room, intensive care, medications, doctors, tests, and other services arrived. Maria also had to have physical therapy for her wrist and elbow. Her total medical expenses were $30,000. It was time to find out if all those premiums paid since 2016 would pay off for just one, albeit dramatic, incident. % of the expenses, or Overall, Maria's insurance paid 85% of the total medical expenses, thus making her responsible for Maria's insurance paid $ $ Her out-of-pocket expenses for the accident of $ plus the 2019 insurance premiums of totaled $ In this If Maria had canceled her health insurance at the end of 2018, her out-of-pocket expenses for the accident would have been $ case, did Maria benefit from having health insurance? What are reasonable morals of the story? Check all that apply. Don't get sick. It can be financially risky to go without health insurance. Think long and hard about the best tradeoff of coverage and cost in a health care plan. Avoid engaging in physical activity. Your health can change in an instant. Some employers pay part or all of the health insurance premiums for employees who are enrolled in one of the company's sponsored plans. Assume that during the same time period that Maria paid for her premiums in full that she had, instead, worked for a firm that paid 50% of her premiums for the same coverage. Instead of paying premiums of $ and saved over the years, Maria would have paid $ $ In this case, Maria's out-of-pocket expenses specific to her snowboarding accident would have been they actually were because 2. Benefit of health insurance - A cautionary tale In 2016, Maria became responsible for providing her own health insurance. She obtained suitable coverage and paid annual premiums as shown in the following table. Compute Maria's total premiums: Maria's Premiums 2016 $4,479 2017 4,704 2018 4,824 2019 5,049 Total $ Except for an occasional minor illness requiring a doctor's attention, a drug prescription, and periodic, routine tests, Maria enjoyed good health during those years. Because she had no reason to think that would change, by the end of 2018, Maria was considering dropping her health insurance coverage. After all, she could think of a lot of other uses for the thousands of dollars she spent each year on increasing premiums. Maria decided to pay premiums for another year but planned to take another look at her health care plan at the end of 2019. It Could Happen to You, It Could Happen to Me In December 2019, Maria accepted an invitation from friends to go snowboarding. Maria did everything right: took a lesson, stayed on trails well within her skill level, and maintained an awareness of people and objects near her. Even though she thought it was a bit dorky to wear wrist guards and a helmet, her friends insisted that she take standard and reasonable safety measures. Maria was enjoying the day when, from out of nowhere (actually, the woods), came an out of control skier who ran into Maria. Maria was injured and taken to the nearest hospital by ambulance. Maria's injuries included a broken wrist and elbow as well as cuts and bruises. Of biggest concern was the uncertainty of her head injury. Maria spent a couple of days in intensive care. Fortunately, she didn't have a broken skull, but did have a concussion. Surgery was performed to repair the broken wrist and elbow. Since Maria was in good health, her recovery was complete. Maria returned to full function in about six months. Soon after Maria returned home, however, the medical bills for the ambulance, emergency room, intensive care, medications, doctors, tests, and other services arrived. Maria also had to have physical therapy for her wrist and elbow. Her total medical expenses were $30,000. It was time to find out if all those premiums paid since 2016 would pay off for just one, albeit dramatic, incident. % of the expenses, or Overall, Maria's insurance paid 85% of the total medical expenses, thus making her responsible for Maria's insurance paid $ $ Her out-of-pocket expenses for the accident of $ plus the 2019 insurance premiums of totaled $ In this If Maria had canceled her health insurance at the end of 2018, her out-of-pocket expenses for the accident would have been $ case, did Maria benefit from having health insurance? What are reasonable morals of the story? Check all that apply. Don't get sick. It can be financially risky to go without health insurance. Think long and hard about the best tradeoff of coverage and cost in a health care plan. Avoid engaging in physical activity. Your health can change in an instant. Some employers pay part or all of the health insurance premiums for employees who are enrolled in one of the company's sponsored plans. Assume that during the same time period that Maria paid for her premiums in full that she had, instead, worked for a firm that paid 50% of her premiums for the same coverage. Instead of paying premiums of $ and saved over the years, Maria would have paid $ $ In this case, Maria's out-of-pocket expenses specific to her snowboarding accident would have been they actually were because