PROPERTY AND HEALTH INSURANCE Life Situation Financial Data Pam, 36 Josh, 38 Three children, ages 9,

PROPERTY AND HEALTH INSURANCE

Life Situation
Financial Data

Pam, 36
Josh, 38
Three children, ages 9, 7 and 4
Monthly income $4,300
Living expenses $4,075
Assets $50,850
Liabilities $99,520
The Brocks are assessing their health insurance coverages. Since
Josh’s current employer offers him only 30 days of sick leave, they need
to consider this factor when assessing disability insurance plans.

Since Pam’s work activities have varied, the family is dependent on
Josh’s health insurance. In recent weeks, his company is considering
several types of plans. These alternatives include traditional health
insurance programs and HMOs, with a wide variety of coverage and cost
differences.

Both Pam and Josh Brock are pleased with their lives and various
family activities. They now have three children, are enjoying their
home, and are more financially secure than six years ago. Yet the Brocks
still have financial needs they must address.

Several changes have affected their financial planning. The value
of their home has increased due to inflation and home improvements. They
have purchased a used car to meet additional transportation needs.
These situations must be considered in relation to insurance needs for
the Brock household.

What types of health insurance coverages would be recommended for the Brocks?

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