Many employers provide health & dental insurance to their employees as a benefit. For this exercise, we are going to assume your employer is not providing insurance and the insurance quotes are figured for someone who is 18 years old living independently. The monthly payment is different for males and females. Please make your choice below and return to your worksheet to complete question number six by filling in the blank space for the total monthly cost for your insurance (both health & dental). For a more accurate estimate of the total cost of health and dental insurance visit: http://www.ehealthinsurance.com/.



Female:
   $352.87 per month

Breakdown of Costs: Health Insurance Plan:
 

Plan Type:
  
PPO*
Coinsurance***
  
0%
Individual Health Insurance Plan Monthly Payment
.
$164.79
Deductible $2,000.00** per year divided by (÷) 12 months =
+
$166.67
Total Monthly Payment
  
$331.46

*A type of managed care health insurance plan that allows you, as a member, to visit whatever in-network physician or healthcare provider you wish without first requiring a referral from a primary care physician.


**A specific dollar amount that your health insurance company may require that you pay out-of-pocket each year before your health insurance plan begins to make payments for claims. You need to save money each month to cover the first $2,000 of any medical bills you might receive. There is no charge for an office visit once the deductible is met.


***Coinsurance is the amount you are required to pay for medical care in a fee-for-service plan or preferred provider organization (PPO) after you have met your deductible. It is usually expressed as a percentage of billed charges.


Breakdown of Costs: Dental Insurance Plan:
 

Plan Type:
  
PPO*
Coinsurance***:
  
0% - 50%
Annual Maximum Benefit:
  
$1,000.00
Individual Dental Insurance Plan Monthly Payment
.
$17.24
Deductible $50.00** per year divided by (÷) 12 months =
+
$4.17
Total Monthly Payment
  
$21.41

*A type of managed care health insurance plan that allows you, as a member, to visit whatever in-network physician or healthcare provider you wish without first requiring a referral from a primary care physician.


**A specific dollar amount that your health insurance company may require that you pay out-of-pocket each year before your health insurance plan begins to make payments for claims. You need to save money each month to cover the first $2,000 of any medical bills you might receive.


***Coinsurance is the amount you are required to pay for medical care in a fee-for-service plan or preferred provider organization (PPO) after you have met your deductible. It is usually expressed as a percentage of billed charges.


Breakdown of Costs: Total Health and Dental Insurance Plan Monthly Payments:
 

Health Insurance Plan Monthly Payment:
  
$331.46
Dental Insurance Plan Monthly Payment:
+
$21.41
Total Monthly Insurance Payment:
  
$352.87



Male:
  $307.19 per month

Breakdown of Costs: Health Insurance Plan:
 

Plan Type:
  
PPO*
Coinsurance***:
  
0%
Individual Health Insurance Plan Monthly Payment
.
$119.11
Deductible $2,000.00** per year divided by (÷) 12 months =
+
$166.67
Total Monthly Payment
  
$285.78

*A type of managed care health insurance plan that allows you, as a member, to visit whatever in-network physician or healthcare provider you wish without first requiring a referral from a primary care physician.


**A specific dollar amount that your health insurance company may require that you pay out-of-pocket each year before your health insurance plan begins to make payments for claims. You need to save money each month to cover the first $2,000 of any medical bills you might receive. There is no charge for an office visit once the deductible is met.


***Coinsurance is the amount you are required to pay for medical care in a fee-for-service plan or preferred provider organization (PPO) after you have met your deductible. It is usually expressed as a percentage of billed charges.


Breakdown of Costs: Dental Insurance Plan:
 

Plan Type:
  
PPO*
Coinsurance***:
  
0% - 50%
Annual Maximum Benefit:
  
$1,000.00
Individual Dental Insurance Plan Monthly Payment
.
$17.24
Deductible $50.00** per year divided by (÷) 12 months =
+
$4.17
Total Monthly Payment
  
$21.41

*A type of managed care health insurance plan that allows you, as a member, to visit whatever in-network physician or healthcare provider you wish without first requiring a referral from a primary care physician.


**A specific dollar amount that your health insurance company may require that you pay out-of-pocket each year before your health insurance plan begins to make payments for claims. You need to save money each month to cover the first $2,000 of any medical bills you might receive.


***Coinsurance is the amount you are required to pay for medical care in a fee-for-service plan or preferred provider organization (PPO) after you have met your deductible. It is usually expressed as a percentage of billed charges.


Breakdown of Costs: Total Health and Dental Insurance Plan Monthly Payments:
 

Health Insurance Plan Monthly Payment:
  
$285.78
Dental Insurance Plan Monthly Payment:
+
$21.41
Total Monthly Insurance Payment:
  
$307.19

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