1 / 17

Health and Life Insurance

Health and Life Insurance. Ms. K. Scruggs. Choosing Health Care Insurance. Objective. Given instruction, the learner will explore the functions and benefits of different types of insurance with 85% accuracy. Pre – “Qs”. What are the types of health care coverage?

theo
Télécharger la présentation

Health and Life Insurance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Health and Life Insurance Ms. K. Scruggs

  2. Choosing Health Care Insurance

  3. Objective • Given instruction, the learner will explore the functions and benefits of different types of insurance with 85% accuracy.

  4. Pre – “Qs” • What are the types of health care coverage? • How do you get health insurance if your employer does not offer it? • What is managed care? • What does disability insurance cover?

  5. Types of Health Care Coverage • Dental and Vision Coverage • Disability Coverage and Long-Term Care

  6. Understanding the Cost • Premium • Deductible • Coinsurance • Co-pay • Out-of-Pocket

  7. Sources of Health Insurance • Group Insurance Plans • Individual Health Insurance • Government Program

  8. Group Insurance Plans • Employer-sponsored health plan • When many people are covered under the same policy, premiums are considerably less than they would be for individual policy. • COBRA • Consolidated Omnibus Budget Reconciliation Act • It is a federal law that requires employers to let workers temporarily continue with their health insurance plan after leaving the company, usually for 18 mos.

  9. Individual Health Insurance Policies • Individual Health insurance is offered to people that have jobs that does not offer health insurance and also to entrepreneurs. • Some offers a Short-Term plans which is for those who want coverage for only one to six months

  10. Individual Health Insurance Pros Cons It has very high monthly premiums and large deductibles. Insurance companies might deny coverage for people with a preexisting conditions • You can keep your same coverage even if you change jobs.

  11. Government Programs • Federal and state governments run health care programs for specific segments for the population. • Medicare • Medicaid • State-Run Heath Care Programs • Workers’ Compensation

  12. Manage Care Plan • An insurance plan that focuses on managing the overall cost, use, and quality of the health care system. • HMOs • Health Maintenance Organization • PPOs • Preferred Provider Organization • POS Plan • Point-of-Service Plans

  13. Disability Insurance • It replaces a portion of lost income if the policyholder is unable to work due to illness or injury Types of Disability Insurance: • Employer Plans • Social Security Disability Coverage • Workers Compensation Insurance • Individual disability insurance

  14. Health Care Insurance Agencies • Blue Cross Blue Shield • Nationwide • Aetna • AARP Health • Humana

  15. Post – “Qs” • Name the different types of cost in health care insurance. • What sources of health insurance does the employers offers? • What plan is offered under federal law that covers you when leave the job up to 18 months? • Name several manage care plan?

  16. Assignment • Research a health care insurance plan under a preferred agency that offers health insurance. Look up their plans and choose a plan or coverage and explain why it best fits your lifestyle or future lifestyle. Use Microsoft Word 2007. To research the Agencies use the Google, Bing, or Yahoo search engine.

  17. Reference • Personal Finance A Lifetime Responsibility

More Related