Health insurance basics

What do people purchase when they want to transfer the risk to others?

• Underwriting

• Insurance

• Copay

• Deductible

What do people purchase when they want to transfer the risk to others?

• Premiums

• Deductible

• Copay

• Coinsurance

A deductibe

• A deduction from you paycheck you pay to the insurance

• A fixed fee you pay to the doctor

• Amount you pay before the isurance company covers your loss

• A tax reduction

.....in this plan there is freedom to choose any doctor and healthcare facility within your insurance company’s network.

• Health maintenance organization HMO

• PPO Preferred provider Organization

• Health savings account

• Coinsurance

These types of plans are generally the most expensive.

• PPO

• HMO

• Level service

• Indemnity