Danielle DiLonardo

Dr. Bullard

Consumer Health Decisions

10/11/15

Health Insurance Assignment

The health insurance assignment helped me comprehend how insurances work further. I

picked my plan out with my future in mind. I decided to make my insurance with the idea of the

next ten years in mind. So I would be thirty years old and I figured my husband would probably

be about thirty-two years old. In my future, I also would hope to have three kids by then as well.

I made their ages four years old, two years old, and one year old. I chose the zip code 07430,

because my hometown is Mahwah, NJ so I thought that maybe I would move back there with my

family when I finally settle down in my life. Since I want to be an occupational therapist after I

graduate and go to graduate’s school, I figured my salary and my husband’s salary might

collectively be $120,000 if we both had well-paying jobs.

The plan I chose for my family was a gold insurance plan. I decided to pick this plan

because I figured at my age and my husband’s ages we would be pretty healthy so we wouldn’t

need as much coverage, but we had it just in case anything was to happen, also my children

would have been covered on the plan as well until they turned 25 years old.

The exact plan that I chose was Horizon Blue Cross and Blue Shield NJ, Horizon

Advance EPO Gold and the plan ID was 91661NJ2260002. My estimated monthly premium

would be $1,426. My estimated deductible would be estimated at around $2,000 and my

estimated out-of- pocket maximum would have been a total of $5,000. I compared this insurance

plan to others, and for the price of this insurance, it covered a lot. Even though I made a rough

estimate of saying that my husband and I’s collective salary would be $120,000, this plan would

be most advantageous as it did not really cost as much as others, but still covered a lot. It was

helpful in the sense that to have a primary care visit would only cost $15 and a specialist visit

would only be $30. This was important to me because I have trace mitral valve regurgitation so I

have to see a cardiologist and it would not be as much for me to see one when I needed to. I also

have scoliosis, so in my selected plan to see a chiropractor, would only cost me $15, so I could

easily go to one for a check-up or if I was feeling in extreme pain. Also, eye glasses and routine

exams for eyes were of no charge for my children so if any of them had an eye problem it would

not cost me anything. This is important to me because my dad wears reading glasses and my

mom has reading glasses and glasses for distance as well. So my children could be more likely to

develop an eye problem. As well as, if anyone in my family developed hearing issues, a hearing

aid was only $15. Generic drugs only cost $10 as well so if anyone in my family needed

prescriptions they were not extremely expensive.

Throughout this insurance process I discovered that a lot of thought and research has to

go in to find a plan that is right for you and your family. There is not a set plan for any one

family because you might not have the same diseases or conditions as another family you know

has. I learned that just because a plan may be expensive, does not really mean they cover as

much of the specific area that you need. For example, a specialist may not be covered and if you

need to see a specialist you are paying a lot of money out of pocket to see one. I also discovered

that a plan may have very low deductibles and premiums, but the out-of- pocket maximum could

be extremely expensive. So if you didn’t look into the factor that you could end up paying for a

lot more down the road, you would be at a big loss money wise.