7.2 Health Insurance - PowerPoint PPT Presentation

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7.2 Health Insurance

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An employer provides dental health insurance to employees. ... what is the total annual premium paid by an employee for the dental insurance? ... – PowerPoint PPT presentation

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Title: 7.2 Health Insurance


1
7.2 Health Insurance
2
Health Insurance Premiums
  • Health insurance
  • If no insurance is offered _at_ your job, you can
    buy health insurance, individually, but it is
    usually ____________!!
  • If insurance is offered _at_ your job, it is usually
    ______________________.

3
Basic Health Coverage
  • Hospitalization
  • Surgical
  • Medical

4
Major Medical Insurance

5
Example 1
  • Lela Wendts employer offers a health insurance
    plan that covers Lela, her husband and their
    child. The total monthly premium is 285, of
    which the employer pays 26. How much does Lela
    pay for the health insurance for one year?

6
Example 2
  • An employer provides dental health insurance to
    employees. The monthly premium cost per employee
    is 36. If the employees pay 65 of the premium,
    what is the total annual premium paid by an
    employee for the dental insurance?

7
Health Insurance Benefits Coinsurance
  • Insurance comp pays for only part of expenses
    you also have to pay some
  • Deductible
  • Coinsurance -
  • Copay

8
2 Categories of Health Insurance
  • Network
  • HMO
  • PPO
  • Not Network

9
Equations
  • Total bill covered amt
  • (covered amt deductible) (coinsurance rate)
  • Uncovered amt deductible coinsurance

10
Example 3
  • Jolene Ridgeway underwent surgery for an injury.
    The hospital portion of the bill was 5298, of
    which only 4875 was covered by Jolenes group
    medical insurance policy. In addition, the
    coinsurance amount of the bill was 18 the
    remaining deductible she had for the year was
    300. How much of the hospital bill must Jolene
    pay?

11
Wrap It Up
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