Financial Literacy: Health Insurance

QUESTION OF THE DAY: How much does an average overnight hospital stay cost?

EDPUZZLE: How Health Insurance Works    
Even with insurance, medical billing can be extremely confusing, which is unfortunate, because health care typically costs a lot of money. It’s a situation where transparent costs would be appreciated by consumers. This video provides an overview of how costs are shared between the insured person and their health insurance company. Watch this video and answer the questions.

VIDEO: I’m Young & Healthy, Can I Skip Health Insurance?           
After all of this, you might be thinking that healthcare costs a lot, and it does. And, if you’re lucky, you might be thinking that you don’t really need health insurance because you are young and healthy. Watch this video to learn why skipping health insurance might not be a great idea. Then, answer the questions on your worksheet.

INFOGRAPHIC: Three Options to Pay Off Past Medical Bills During Hard Times
Regardless of whether you have or do not have health insurance, lingering medical bills can have a significant negative impact on your financial well being, as well as your health – debt is stressful, which isn’t good for your wallet or your body! Review this infographic to learn how you can pay off the medical bills in difficult times and answer the questions on your worksheet.

LEARNING TARGETS:

  • I understand the importance of having health insurance.
  • I can identify the various costs affiliated with having health insurance.
  • I can explain how health insurance works and the different types of plans available to them.
  • I can explore steps they can take to lower their medical costs.

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