Personal Financial Planning 13th Edition by Lawrence Gitman,Michael Joehnk,Randy Billingsley

Exercise 30

Use Worksheet 9.1. Emily Walsh, a recent college graduate, has decided to accept a job offer from a non-profit organization. She'll earn $34,000 a year but will receive no employee health benefits. Emily estimates that her monthly living expenses will be about $2,000 a month, including rent, food, transportation, and clothing. She has no health problems and expects to remain in good health in the near future. Using the Internet or other resources, gather information about three health insurance policies that Emily could purchase on her own. Include at least one HMO. Use Worksheet 9.1 to compare the policies' features. Should Emily buy health insurance Why or why not Assuming that she does decide to purchase health insurance, which of the three policies would you recommend, and why