Frist, if Mackenzie is still under 26 I would suggest that she stay on her parents insurance.
(pg 329) This would put less stress on Mackenzie as she starts her job search. However,
she should still ask all of the below questions to stay informed for when she can no longer
be on her parents insurance.
Next, she should find out what kind of health insurance they will provide. She could have
a traditional insurance plan where she would get reimbursed for each time she incurs
medical expenses. Insurance companies will work with PPO to get lower prices on
services. This in turn leads to lower premium prices for the insured. Another type of
insurance she could have would be consumer driven health care. This is a very common
type of health care for jobs. It gives the insured the option to pick their plan which will
lower or raise their premium in relation to the amount of coverage they prefer. (pg. 326)
There are 4 common options provided to the insured: high deductible health care plan,
health savings accounts, health reimbursement arrangements, or flexible spending
arrangements. With high deductible you have much lower premiums. This can often be
very beneficial for young workers looking to save money from month to month. These
young workers are also not seeing a doctor as often. With a savings account both
employers and employees can deposit tax sheltered funds to be used toward medical bills.
The reimbursement plan is where the employer sets money aside to assist with qualified
