Health Insurance Field Report

This is a field report for Mr. and Mrs. Audentior Ito's health insurance. Specifically this note compares the 2010 and 2011 costs and benefits. We assume in-network medical expenses.

2010:
Deductible $3000
We pay 20% after deductible is met.
Out of pocket maximum: $2200 (plus deductible)
Cost:  $624


2011
Deductible $3200
We pay 20% after deductible is met.
Out of pocket maximum is $2500 (plus deductible)
Cost: $900

Our cost versus billed cost is plotted in the following figure for the three different health options.