Log in
HomeClass Notes1,200,000US530,000

FHCE 2100 Lecture Notes - Lecture 33: System On A Chip, Micro Instrumentation And Telemetry Systems, Medicare Advantage

18 views2 pages
School
University of Georgia
Department
Financial Planning, Housing and Consumer Economics
Course
FHCE 2100
Professor
Dr.Kabaci

For unlimited access to Class Notes, a Class+ subscription is required.

Document Summary

Plan with higher deductible than traditional insurance plan. Pay more healthcare costs yourself (deductible) before insurance company starts to pay its share. ,450 for catastrophic plan, ,900 for families. Can be combined with has or health reimbursement arrangement. Allows you to pay for certain medical expenses with untaxed dollars. 2016, irs defines hdhp as any plan with deductible of at least ,400 for individual or ,600 for family. Ideal for: self-employed, those whose jo(cid:271)s do(cid:374)"t offer health pla(cid:374)s, lower income individuals, healthy adults with low medical needs, young people (under 30) Not ideal for those with prescription drugs or medical supplies. Tax-advantage medical savings account available to taxpayers enrolled in hdhp. Funds contributed to an account are not subject to federal income tax at the time of the deposit. Funds may currently be used to pay for qualified medical expenses at any time without federal tax liability or penalty.

Get access

Grade+
$40 USD/m
Billed monthly
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
10 Verified Answers
Class+
$30 USD/m
Billed monthly
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
7 Verified Answers

Related Documents

HSA 4321 Lecture Notes - Lecture 22: Loss Ratio, Money Market Fund, Health Reimbursement Account
lavenderpig501
ACCT 3221 Chapter : CHAPTER 4 ADJUSTMENTS FOR AGI OUTLINE
azuremammoth471
FI 341
Final Exam
Study Guide
FI 341 Study Guide - Midterm Guide: High-Deductible Health Plan, Universal Life Insurance, Health Reimbursement Account
lilacwolf591

Related Questions

True or False

Pro Forma financial statements use the information contained in management’s operating and capital budgets as well as management’s projections of the revenue and expense conditions for the future to estimate the hospital’s financial condition over time.

It is generally more expensive for hospital managers to make adjustments in the existing outlay of costs when they have more time to do so, i.e. in the long run, rather than in the short-run.

When comparing accounting vs. economic costs, the major disadvantage of using accounting costs is that they will always predict lower costs per surgery on those days when the number of surgeries is higher than expected. In reality this is not true, however, as every deviation from the planned level of operation raises costs, such as payment of overtime, extra expenses when hiring temps, cost of rush ordering of exhausted supplies, etc.

Increasing demand for long-term care is associated with macroeconomic and demographic trends as well as individual life style choices. For instance, higher workforce participation by women has raised the opportunity cost of care giving.

Home health care providers meet only functional and social needs of patients.

Medicare accounts for more than half of all nursing home funding.

Originally, Medicaid has been created to provide medical insurance for indigent women and children. Now, however, the majority of Medicaid expenditures are for the elderly.

Middle and low income taxpayers benefit from several federal tax incentives to buy long term care insurance.

More than 10% of U.S. health care spending goes to nursing homes.

In the market for nursing home services, after reaching the quantity where the private market’s willingness-to-pay matches the Medicaid reimbursement rate, demand becomes essentially perfectly elastic at the Medicaid reimbursement rate, as all remaining beds can typically be filled with Medicaid patients.