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

2. 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

3. 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

4. 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

5. 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

6. 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?

7. Seminar: Timely Topics for Today’s Business World 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
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