Find health insurance plans from a variety of sources (through an employer’s plan, staying on their parent’s plan, buying directly from an insurance company, or buying through the health insurance marketplace).
Choose the health insurance plan that best fits their needs.
In this Common Core Standards-aligned project, students will choose two health insurance plans and then calculate their out-of-pocket expenses for a variety of scenarios. They’ll create a spreadsheet and answer questions on the best insurance decisions for them.
In this Common Core Standards-aligned project, students will conduct research on both sides of the topic and write a persuasive response to the question: Is the government allowed to require insurance?
Use probability to understand how insurance companies calculate risk and premiums
Calculate expected value and apply that to potential profits for an insurance company
Common Core Alignment:
CCSS.MATH.CONTENT.HSS.MD.A.2 Calculate the expected value of a random variable; interpret it as the mean of the probability distribution. CCSS.MATH.CONTENT.HSS.MD.B.5 Weigh the possible outcomes of a decision by assigning probabilities to payoff values and finding expected values.
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