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?
In this Common Core aligned project students decide which insurance policies they will purchase to protect them against risk. They experience how life events influence financial capabilities and calculate their out-of-pocket expenses each month. There are opportunities for discussion and reflection.
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.
We believe that all young people deserve a free, quality education to take control of their financial
futures. For students making high-stakes decisions for the first time, and the educators charged with
preparing them, we proudly offer Next Gen Personal Finance.
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