Seminar: Timely Topics for Today’s Business World Mr. Bernstein Health Care Insurance January 2017

Seminar: Timely Topics for Today’s Business World Mr. Bernstein Health Insurance Plans Most people are part of a Group Plan, commonly through their employer Self-employed or otherwise uncovered persons may purchase Individual Health Insurance COBRA 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

Seminar: Timely Topics for Today’s Business World Mr. Bernstein Types of Health Insurance Coverage Basic Health Insurance Hospital Expense Surgical Expense Physician Expense Major Medical Coinsurance or deductibles Comprehensive Both Basic Health and Major Medical

Seminar: Timely Topics for Today’s Business World Mr. Bernstein Other Health Insurance Policies Dental Expense Vision Care Long-Term Care Trip Accident* Dread Disease Policies* Supplemental * Discount Plans* * - not comprehensive insurance

Seminar: Timely Topics for Today’s Business World Mr. Bernstein Health Care Providers HMOs (Health Maintenance Organization) Patients must be preapproved professionals PPOs (Preferred Provider Organization) May select “in-network” or more expensive “out-of-network” professionals

Seminar: Timely Topics for Today’s Business World Mr. Bernstein Has our system warped the competitive market? In our system most workers are insured through plans selected by their employers …So what do you think is the risk level of citizens NOT covered by insurance through their employers – higher than average or lower than average? Will premiums be higher for this pool of citizens? Are citizens likely to find lower prices through their job or as independent insurance seekers? Is this a competitive market outcome? If a few workers are unhappy with their insurance, is a large employers likely to change insurers? …Would those workers change insurance companies if prices were competitive? How would you feel if the government intervened and created a system where you had to buy other common items such as cars through your employer to save money? Your cell phone? Apartment rentals?

Seminar: Timely Topics for Today’s Business World Mr. Bernstein Resource for Health Care Insurance information Provided by US Federal Government http://www.healthcare.gov/index.html Includes information on obtaining health insurance through government-run programs, including information on subsidies The website is run by the government, who has in interest in promoting their controversial entitlement program often referred to as “Obamacare”, so be sure to wear your critical thinker cap when reading