Stock Market Analysis and Personal Finance Mr. Bernstein Health Care Insurance, pp June 13, 2014

Stock Market Analysis & Personal Finance 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 2

Stock Market Analysis & Personal Finance 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 3

Stock Market Analysis & Personal Finance Mr. Bernstein Other Health Insurance Policies Dental Expense Vision Care Long-Term Care Trip Accident* Dread Disease Policies* Supplemental * Discount Plans* * - not comprehensive insurance 4

Stock Market Analysis & Personal Finance 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 5

Stock Market Analysis & Personal Finance Mr. Bernstein Resource for Health Care Insurance information Provided by US Federal Government Includes information on obtaining health insurance through government-run programs, including information on subsidies Information is provided by the Federal Government, who has an interest is expanding their program, so a critical thinker cannot consider this website a neutral source of information 6