HLTH 403 Lecture Notes - Lecture 8: Co-Insurance, Copayment, Supportive Housing
13 May 2019
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Document Summary
Hlth 403 - consumer health - module #8. Co-insurance = arrangement in which insured person and insurance company. Insurer pas 70-80% of covered costs beyond deductible and patient pays share medical costs rest. Co-payment = fixed dollar amount paid by insured person when specific health. Typically when you go to doctor, you have set amount of money to pay services are received (co-payment) paying for medical services. Deductible = amount insured person must pay before insurance company starts. Exclusions = specified health conditions/circumstances for which policy does not. Pre-existing condition = health problems a person had prior to becoming insured. Premium = specified sums that are paid by insured person on monthly basis for with a particular policy some policies exclude them, others do not provide benefits health insurance policy. Basic = most health insurance claims fall within this. Major medical = designed to offset large medical expenses resulting from prolonged illness or serious injury.
