Vocab
What is a Health Maintenance Organization
To coordinate health services and care provided to patients
What is the pro of having a HMO
A low premium
What health insurance do most people use
Blue Cross Blue Shield
What is Medicaid
A program that gives health coverage to some people with limited income and resources.
What does PPO stand for
Preferred Provider Organizations
What is Preferred Provider Organizations
A type of health plan that contracts with medical providers
What is the con of having a HMO
You have less flexibility on what medical services you can get.
What will health insurance help you with if you get in an accident or sick
They will provide financial aid
What is Medicare
A federal health insurance for anyone age 65 and older
What does HMO stand for
Health Maintenance Organization
What is an Exclusive Provider Organization
A managed care plan where services are covered only if you go to doctors, specialists, or hospitals in the plan's network
What is the pro of a PPO
You have flexibility on what medical services you want
What role does a payer play in the health care sustain
They finance and manage the costs of healthcare services
How much money do you have to make to be eligible for Medicaid
Less than $1,396
What does EPO stand for
Exclusive Provider Organizations
What is a Premium
Payments you make on a monthly basis so you can maintain your health insurance
What is the con of a PPO
A high premium
Fill in the Blank: A way to protect yourself from financial risks by paying a company a small amount of money, called a ______
Premium
Who runs the Medicaid programs
It is a joint federal and state program
What does HDHP stand for
High Deductible Health Plan
What is a Deductible
The amount of money you have to pay before your health insurance covers your bill.
What is a pro and con of having a HDHP
Pro: Low Premium
Con: High Deductibles
What are the five points of healthcare
Patients, payers, providers, purchasers, and policymakers
What is the monthly premium for Medicare
$174 a month.
What is the acronym for the health insurance policy that gives members more freedom to choose medical care
PPO