Chelsea Werning

Ben Herwig

Jessica Mueller

Health Insurance

Definition: Reduces the cost of your medical bills

Pays for your prescription medicine

• Overall, saves people from major debt

What is Health Insurance?

Everyone!Anyone can get hurt or sick!

Who needs Health Insurance?

• Injury or sickness can be unexpected

• Saves people from being in major debt

Why do people need Health Insurance?

Family Health Insurance:

•Family goes to get medical attention

Group Health:

•Offered to employees working for the company

Short term Health Insurance:

•Pick the number of days you want

Individual Health Insurance:

•He or she must have good health.

Badger Care:

•Aren’t covered by the company they work for.

Medicare:

•People 65 or older. Exception: Disabilities

Types of Health Insurance

Definition: Agreement between you and your insurance company

Medical benefits:

Tests

Drugs

Treatment services

• Covers the cost of certain benefits!

Health Insurance Policy

•Health Insurance: Varies

•Often included in employer benefit packages!

•Average Nationwide cost per month

•$183 per person

•$414 for family

The cost of Health Insurance

HMO-Health Maintenance Organization

• Helps reduce healthcare cost

• Pays a fixed monthly fee

POS-Point of Service

• Mix types of care you can receive

PPO-Preferred provider organization

• Free choice of healthcare provider

HMO, PPO, POS

Plan Type: HMO Office Visit: 0% after Deductible

$46.06 a month

Deductible: $5,ooo

Coinsurance 0%

Plan Type: PPO

Deductible: $7,500

Coinsurance: 30%

Office Visit: $30.00

$61.06 a month

Full time workers $250 a year for family plan

People who smoke, $10-90 more a year

Plans

People cannot afford Health Insurance because:

Can’t afford insurance

Not good enough job

Down Falls

How long were you in the hospital for?

In the hospital for 7 days for surgery, and had 7 months of treatment

How much did it cost without insurance?

$200,000-$300,000

What insurance do you have?

Dean Insurance

How much did you have to pay with insurance?

$25.00 for an emergency room visit

Are you thankful for Health Insurance? If yes, why?

YES! It saves me tons of money and it gives me the ability to have good quality health care for my family!

Story

How long were you in the Hospital for?

On and off for 5 years

How much did it cost without insurance?

Overall, $435,000

What insurance do you have?

Dean Insurance

How much did you have to pay with insurance?

We paid $100

Are you happy you have Health Insurance?

Yes! Yes! Yes! If we didn’t we would not be where we are today.

Story

• Go to the hospital in peace

• Stress less about the money!

Conclusion

. "Family Health Insurance Plan." . Health Insurance and Life Insurance Web. 19 Dec 2011. <http://www.healthinsuranceandlife.com/family-health-insurance-plan.html>.

. "Consumer Guide To Group Health Insurance." NAHU. NAHU, Dec, 19, 2011. Web. 19 Dec 2011. http://nahu.org/consumer/GroupInsurance.cfm

. "Short Term Medical." Assurant Health.. Web. 19 Dec 2011. <https://www.temporaryinsurance.com/STMConsumer/Quote/ContentPages/StartQuote.asp&xgt;

. "Temporary Insurance." Assurant Health. Web. 19 Dec 2011. http://www.assuranthealth.com/corp/ah/HealthPlans/short-term-health-insurance.htm

. "Wisconsin Badgercare Health Insurance." Wisconsin Health Insurance Network. Web. 19 Dec 2011. http://wihealthnetwork.com/badgercare.htm

. "What Is Medicare." September, 2011. Web. 19 Dec 2011. <http://www.medicare.gov/publications/pubs/pdf/11306.pdf>.

Dogulas, D. "How Much Does Health Insurance Cost in 2011." Get Smart. Get Covered. 2011. Web. 19 Dec 2011. <http://blog.ehealthinsurance.com/2011/11/how-much-does-health-insurance-cost-in-2011/>.

Bibliography