Health Insurance

What is a health insurance policy?

• Insurance which covers your health, teeth and eyes.
• A contract between you and an insurance company.
• A law which allows you insurance even if you get fired.
• A percentage of money you pay vs. the insurance company pay when there is a health issue.

With this type of policy the insured pays less but has less options:

• HMO
• PPO
• Medicaid

What is a deductible?

• The amount of money you must pay each year before the insurance company pays anything

• A type of medical savings account

• A type of policy in which you save for emergencies

• A shared expense between the insured and the employer

HMO

• Health Maintenance Organization

• Health Managed Organization

• Health Maintained Operation

• Health Managed Operation

PPO

• Preferred Plan Operation

• Preferred Provider Organization

• Preferred Practice Organization

• Preferred Participation Operation

The only way to get health insurance coverage is through an employer...!

• True

• False

In the United States, on average, approximately

how much money is spent per person on health

care each year?

• 4000

• 6000

• 8000

• 10,000