Problem: Now that you have a basic understanding of the ACA let's examine what this means in practical terms to the average American. You will be graduating in the future and we are going to have you shop for your own health insurance. Assume you are now 27 years old (remember after 26 you cannot stay on your parents insurance anymore) and your new employer does not offer healthcare insurance. You are going to walk through the process of pricing out the cost and benefits of insurance in your state. You will also experience the online navigation systems for shopping for insurance. Follow the website HealthCare and follow the directions to price out what healthcare insurance will cost you on the exchanges
Q1. Explain what plan you would choose, the total cost, total out-of-pocket expenses, and any tax benefits.
Q2. What are the major benefits of the plan, and what does it cover or not cover?
Q3. Do you think it's worth the money to buy the insurance, why or why not? What is the risk of not having insurance?
Q4. Provide a general assessment of your experience in finding the right insurance plan using the website. What options would you look into before you buy insurance from the exchange?