Stock Market Analysis and Personal Finance

Mr. Bernstein

Health Care Insurance, pp 444-459

June 10, 2013

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Stock Market Analysis & Personal Finance Mr. Bernstein

Health Insurance PlansMost people are part of a Group Plan, commonly

through their employerSelf-employed or otherwise uncovered persons may

purchase Individual Health InsuranceCOBRA is a law enacted in 1986 which allows workers

who lose their jobs to purchase Group Plan insurance through their former employer for a set amount of time

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Stock Market Analysis & Personal Finance Mr. Bernstein

Types of Health Insurance Coverage Basic Health Insurance

Hospital ExpenseSurgical ExpensePhysician Expense

Major Medical Coinsurance or deductibles

ComprehensiveBoth Basic Health and Major Medical

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Stock Market Analysis & Personal Finance Mr. Bernstein

Other Health Insurance Policies Dental ExpenseVision CareLong-Term CareTrip Accident*Dread Disease Policies*Supplemental *Discount Plans* * - not comprehensive insurance

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Stock Market Analysis & Personal Finance Mr. Bernstein

Health Care ProvidersHMOs (Health Maintenance Organization)

Patients must be preapproved professionalsPPOs (Preferred Provider Organization)

May select “in-network” or more expensive “out-of-network” professionals

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Stock Market Analysis & Personal Finance Mr. Bernstein

Resource for Health Care Insurance informationProvided by US Federal Governmenthttp://www.healthcare.gov/index.htmlIncludes tabs such as “Health Insurance Basics”,

“Prevention, Wellness and Comparing Providers” and “The Health Care Law and You” (note this tab contains only the positive features of new Federal laws and cannot be considered information from a neutral source)