Insurance Unit

Students will be able to

• Illustrate how everyone risks financial loss and how insurance shares that risk
• Identify factors that impact insurance premiums and the relationship between premiums, deductibles, and coverage limits
• Explain how the insurance industry uses risk pooling and math to provide insurance coverage and make a profit

Students will be able to

• List factors that determine auto insurance premiums
• Understand the different types of coverage within a car insurance policy 
• Explain a deductible, out-of-pocket expenses, and what insurance will pay for in different situations
• Identify the value of their possessions and explain how renters insurance can help protect them in the case of emergency or loss

Students will be able to: 

• Understand the importance of having health insurance 
• Identify the various costs affiliated with having health insurance 
• Explain how health insurance works and the different types of plans available to them 
• Explore steps they can take to lower their medical costs

Students will be able to:

• Explain the pros and cons of enrolling in employer-sponsored health plans vs individual plans from the Marketplace
• Explore the specific coverage areas and benefits of healthcare.gov Marketplace plans
• Understand how government healthcare programs like Medicaid, CHIP, and Medicare work and who qualifies for them 
• Investigate health insurance policies and eligibility in their states

Students will be able to:

• Illustrate how everyone risks financial loss and how insurance shares that risk
• Identify factors that impact insurance premiums and the relationship between premiums, deductibles, and coverage limits
• Explain how the insurance industry uses risk pooling and math to provide insurance coverage and make a profit

Students will be able to: 

• Explain a deductible, out-of-pocket expenses, and what insurance will pay for in different situations
• List factors that determine auto insurance premiums
• Describe the main types of auto insurance policies and compare state requirements 
• Choose an appropriate level of car insurance coverage

Students will be able to:

• Distinguish the similarities and differences between renters and homeowners insurance
• Read the fine print of a rental insurance agreement 
• Assess whether they will need renters insurance after high school
• Appreciate why it is valuable to have insurance, regardless of whether you own or rent a home
• Enumerate what types of perils are and are not covered by standard renters and homeowners insurance policies

Students will be able to: 

• Understand the importance of having health insurance 
• Identify the various costs affiliated with having health insurance 
• Explain how health insurance works and the different types of plans available to them 
• Explore steps they can take to lower their medical costs

Students will be able to:

• Explain the pros and cons of enrolling in employer-sponsored health plans vs individual plans from the Marketplace
• Explore the specific coverage areas and benefits of healthcare.gov Marketplace plans
• Understand how government healthcare programs like Medicaid, CHIP, and Medicare work and who qualifies for them 
• Investigate health insurance policies and eligibility in their states

Students will be able to: 

• Explain how pet insurance works and how it compares to human health insurance
• Differentiate between short- and long-term disability insurance
• Decide when a life insurance policy is appropriate and how to select the best type for their needs