Health Insurance Plans

1. Health Insurance Plans Elaina Gillespie, Mery Muniz, Chelsea Gerritsen and Pily Jaimes

2. How much is health insurance? • Health insurance has been rising by double digits for more than a decade. • The average annual health insurance cost is $4,824 for individuals and $13,375 for families

3. Why we need health insurance? • To pay for the costs of health care because it would be too expensive with out it • To protect against risks that can happen wherever you are

4. Who can you get health insurance from? • American Family • Blue Cross/Blue shield • AARP • Medicare/Medicaid

5. Affordable Care Act • Effective March 23rd 2010 • Law that expands Medicaid eligibility • Provides affordable health insurance for all Americans

6. Types of Health Insurance • Major medical-responsible for paying the deductible • HMO- Health Maintenance Organization- People who helps you manage long term health expenses • PPO- Preferred Provider Organization- A type of health care insurance plane that is usually provided by large industries or companies for their employees • POS- Point of Service- Combination of PPO and HMO

7. Reason to Support Health Care • Ensure that Americans have can afford health care • Create new marketplaces where consumers can buy health care • Improve Medicare by helping elderly people with disabilities afford their prescriptions • Help young people by making insurers allow dependents remain on their parents plan until they are 26 • Expand Medicaid to millions of low-income Americans • Make insurance companies accountable for how health care dollars or spent • Invest in preventive care

8. Insurance Terms • Co-Payment- a specific amount of money you pay for a particular service • Deductible- the amount you pay before the policy starts to pay • Co-Insurance- a specific percent of expenses that you are covered