FHCE 2100 Lecture Notes - Lecture 6: Copayment, Co-Insurance, Dentures
Document Summary
Risk an uncertainty with respect to economic loss. Usa spent ,000,000,000,000 on health care (,255 per person) Annual premium (what you pay monthly to have health insurance coverage) was ,351 for a family and ,889 for a single individual. Terms discounts on behalf of the insured equaled ,826 (,152. 16 per month) 16% or 50,000,000 americans did not have health insurance (7,300,000 children) 62% of bankruptcies were due, in part, to medical expenses (even with insurance) So, hospitals often charge higher prices for services for those who have no insurance. Health-care costs for a family of four covered by a employer-sponsored (cid:498)preferred provider plan(cid:499) 1999 2011 the average health insurance premium went up 260% Stop-loss provision limits total out-of-pocket expenses incurred by insured to a specific. Life-time cap total amount insurance company will pay over life of policy. Covers medical costs beyond basic plan (normally w/ co-pay & deductible: major medical expense insurance.