1. Health Insurance

2. Purpose of Health Insurance  To aid individuals and families in living healthier lives, provide basic medical services and protect against the cost of unexpected medical crises.

3. TYPES OF HEALTH INSURANCE  Regular Medical Insurance Pays for part or all of nonsurgical care given in the doctor’s office, hospital, or patient’s home Pays for visits to some specialists  Example: Physical Therapists

4. TYPES OF HEALTH INSURANCE  Major Medical Insurance Pays for extended and serious illnesses Pays for all or most of all kinds of health care prescribed by a doctor Covers the cost of treatment in and out of the hospital, special nursing care, X- rays, psychiatric care, medicine

5. TYPES OF HEALTH INSURANCE  Hospitalization Insurance Highest selling insurance Pays the major part of the cost of a hospital stay Covers such charges as room, food, anesthesia, X-rays, laboratory tests, and medicines

6. TYPES OF HEALTH INSURANCE  Surgical Insurance Pays for all or most of the charges for surgery and in-hospital care by physicians

7. TYPES OF HEALTH INSURANCE  Comprehensive Medical Insurance Combines the features of hospital, surgical, regular, and major medical insurance

8. OTHER TYPES OF HEALTH RELATED INSURANCE  Dental Insurance Pays for normal dental care such as examinations, X-rays, cleaning, fillings, and dental injuries due to accidents  Vision Insurance Pays for eye examinations, prescription lenses, frames, and contact lenses

9. OTHER TYPES OF HEALTH RELATED INSURANCE  Mental Health Insurance Pays for psychological counseling and psychiatric care  Disability Income Insurance Pays for loss of income due to extended illness or accident

10. HEALTH INSURANCE PROVIDERS  Group Health Insurance Most popular way to buy health insurance Usually provided by an employer

11. HEALTH INSURANCE PROVIDERS  Individual Health Insurance Most expensive method of buying health insurance The individual pays the entire premium Usually has a waiting period before the policy is active Usually requires a physical examination

12. HEALTH INSURANCE PROVIDERS  Health Maintenance Organization Provides health care to its members usually at a medically staffed clinic for a set fee per month Emphasis is on preventative health care

13. Government Provided Insurance  Medicare Federal assistance for people aged 65 and over and some disabled individuals Provides medical and hospital insurance

14. Government Provided Insurance  Medicaid Federal assistance for low-income families Covers the cost of doctor’s services, X- rays, lab tests, nursing home care, diagnosis and treatment of children’s illnesses, and home health care services

15. Government Provided Insurance  Worker’s Compensation Provides medical and survivor benefits for people injured, disabled, or killed on the job.