- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Introduction
- Understand How Health Insurance Relates to Your Personal Financial Plan
- Explain Health Insurance Coverage and Health Insurance Plans
- Understand the Key Areas of Disability Insurance
- Understand the Key Areas of Long-term Care Insurance
- Understand How to Control Your Health Care Costs
- Know What to Look for When Buying Insurance
- Summary
- Assignments
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
Case Study #1
Data:
Steven has a major medical policy for $1 million. The policy has a $500 deductible, an 80 percent co-insurance provision, and a $5,000 stop-loss limit. He recently incurred $10,500 worth of covered medical expenses.
Calculations:
What amount will the insurer pay in this situation? What amount will Steven pay of these covered medical expenses?
