Chelsea Werning Ben Herwig Jessica Mueller. Definition: Reduces the cost of your medical bills Pays...
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Transcript of Chelsea Werning Ben Herwig Jessica Mueller. Definition: Reduces the cost of your medical bills Pays...
Definition: Reduces the cost of your medical bills
Pays for your prescription medicine
• Overall, saves people from major debt
What is 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
. "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