Stock Market Analysis and Personal Finance Mr. Bernstein Health Care Insurance, pp June 10, 2013

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 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) 6