let’s get familiar with some basic terms
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Why is it so stressful for many adults to navigate the health care system and manage their health? . Let’s get familiar with some basic terms. Watch videos: How Does Insurance Work: http://www.youtube.com/watch?v=nXfGeMNnBsM Deductibles & Coinsurance: - PowerPoint PPT PresentationTRANSCRIPT
Why is it so stressful for many adults to navigate the health care system and manage their health?
Let’s get familiar with some basic terms
Watch videos:How Does Insurance Work:http://www.youtube.com/watch?v=nXfGeMNnBsM Deductibles & Coinsurance:http://www.youtube.com/user/staysmartstayhea1thy#p/u/20/8IybFtOtXdcUnderstanding Insurance Basics (College Health):http://www.youtube.com/watch?v=XXjqzu4SxNY Review Glossary Handout Review Interview Homework
Vocab:
• Out-of-pocket costs: Payment for health services not covered by an individual’s health plan
You find the definitions for these ones:Premiums:Deductibles:Co-pays:
Our Goals Today• Explain how being “underinsured” leads to
negative financial and health consequences • Analyze the connection between income and
healthWhat do you think “underinsured” means?
3m
The authors counted people as underinsured if their out-of-pocket medical expenses equaled at least 10% of their family income, or 5% if they were already low-income, or their deductible equaled at least 5% of their income.
What does it mean to be “underinsured?”
• Definitions vary, but generally:• Underinsured: people who DO have
insurance plans but whose medical expenses (excluding premiums) amount to 10% or more of their post-tax income OR 5% or more of their income if they are below the poverty line
2m
John Q Trailerhttp://www.youtube.com/watch?v=96rIjxlHpmESometimes just having
insurance is not enough.
Less extreme examples of the negative effects of being underinsured happen to ordinary people everyday. Can you think of any?
4m
Let’s find out what being underinsured really means…
• Often people’s individual stories tend to get lost among politically charged reform plans and complex jargon
Justin’s Story
Watch how a medical student who was faced with cancer during his training struggles to pay for his treatments.
Was he underinsured?
http://www.youtube.com/watch?v=E3C1rfJrSwMWatch only: 0 – 1:45 & 3:58 -5:35
Mary’s Story
Mary’s Paycheck (every 2 weeks)