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: 

• 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

Students will be able to

• Identify risks and protection strategies
• Illustrate how everyone risks financial loss and how insurance shares that risk
• Discuss factors that impact insurance premiums and the relationship between premiums and out-of-pocket expenses
• Explain the basics of how insurance companies operate

Students will be able to

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

Students will be able to

• Explain the fundamentals of how health insurance works 
• Describe premiums and out-of-pocket expenses and their relationship in paying for health coverage
• Understand the benefits of employer-sponsored health insurance and, if not an option, other ways to enroll
• Read the fine print of a health insurance policy

Students will be able to

• Investigate other types of insurance, such as renters, long term disability, and cell phone insurance, and determine if they are worthwhile expenses
• Describe the cost and impact of larger societal forms of insurance, like Social Security

Students will be able to

• Explain the fundamental ways that insurance companies provide coverage but also make money as a business
• Recognize the relationship between insurance premiums, deductibles, and coverage limits
• Determine the role of states in providing, regulating, and enforcing insurance requirements
• Acknowledge the costs of insurance fraud

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
• Understand how government healthcare programs like Medicaid and CHIP work and who qualifies for them
• Explore steps they can take to lower their medical costs

Students will be able to

• Understand how millions of Americans get their health insurance
• Explain the pros and cons of opting into your employer health plan versus buying your own
• Read the fine print on a health benefits form and shop around for a health insurance plan that works for you
• Determine what steps you can take if you are faced with expensive medical bills

Students will be able to

• Describe the main types of auto insurance policies
• Explain the relationship between deductibles, coverage limits, and premiums for auto insurance
• List factors that determine auto insurance premiums
• Determine legally required and recommended coverage levels
• Read the fine print of an insurance policy and determine what coverage is provided
• Identify steps to take immediately after an auto accident and successfully file a claim

Students will be able to

• Distinguish the similarities and differences between renters and homeowners insurance
• Read the fine print of a rental insurance agreement and a homeowners insurance declaration page
• Appreciate why it is valuable to have insurance for your dwelling, regardless of whether you own or rent a home

Students will be able to

• Investigate other types of insurance, such as life insurance, long term disability, travel, extended warranties, cell phone, and pet insurance, and determine if they are worthwhile expenses
• Describe the cost and impact of larger societal forms of insurance, like Social Security