For several years, Annie Brouck's employer has offered a traditional indemnity plan for health care coverage for herself, her husband Jim, and their children, Tess and Tasha. Annie and Jim are in their early 30s; their children are 10 year old twins. Recently, the monthly premium for their insurance coverage has increased dramatically. Annie's employer has decided to offer a high-deductible health plan where the family will have an initial deductible of $5000. The cost of this high-deductible plan has a monthly premium that is almost 50% lower than the indemnity plan. 

Describe the steps Annie might follow in deciding whether to choose this plan or to remain with the more expensive indemnity plan.

Answer rating: 100% (QA)

Annie can follow these steps to decide whether to switch to the highdeductible health plan or stick with the more expensive indemnity plan Assess Curr... View the full answer