2. To make a Smart Choice... Analyze personal and family health care needs and wants Compare health insurance plans to determine the best choice for you and your family Apply the knowledge and information gained to make a SMART CHOICE

3. Important Words to Know

4. Why do I need health insurance? Why is it important? My SMART CHOICE

5. Why Health Insurance? Provides peace of mind Protects your family’s financial future Health and wellness services and programs Better health outcomes

6. My SMART CHOICE What do I need and want? What are my choices? What?

7. My Health Insurance Needs Worksheet

8. Sources of Health Insurance Private Insurance  Employment-based  Health Insurance Marketplace  Other Private Insurers Government Insurance  Child Health Insurance Program (CHIP)  Medicaid  Medicare  TRICARE

9. Sample Summary of Benefits and Coverage

10. My Health Insurance Plan Comparison Worksheet

11. Why? My SMART CHOICE How much will it cost? How much can I afford? How?

12. My Monthly Spending Plan

13. Affordable Care Act (ACA) All Americans will have access to affordable health insurance options.  Essential benefits required in all plans  Health Insurance Marketplace created  Tax credits to help make health insurance affordable

14. Affordable Care Act (ACA) Improved insurance coverage and consumer rights  Helps you understand the coverage you are getting.  Curbs on canceling policies  Rapid appeals on urgent medical situations.

15. ACA Protections and Benefits Expanded coverage for young adults Free preventive care and annual checkups No lifetime maximums Coverage for those with preexisting conditions beginning January 2014

16. Lingering Questions?

17. Lori Scharmer Family Economic Specialist NDSU Extension Service lori.Scharmer@ndsu.edu 701-857-7682 lori.Scharmer@ndsu.edu