3. Be prepared to discuss what you learned with the entire class.
Let's say your health insurance plan has the following features:
Deductible: $500
Coinsurance: 80/20 (you pay the 20%; insurance company pays 80%)
Out-of-Pocket Maximum: $5,000
Now, let's say that you go to the hospital and incur $7,500 worth of medical expenses. How much do have to pay out of pocket?