10 facts about health Insurance:
- Health insurance is a type of insurance that covers the cost of medical expenses.
- Health insurance can be provided by an employer, purchased on the individual market, or
offered by a government program like Medicare or Medicaid. - The Affordable Care Act (ACA), also known as Obamacare, is a federal law that requires
individuals to have health insurance coverage or face a penalty. - Health insurance plans can be categorized as either fee-for-service or managed care. Fee-
for-service plans typically allow patients to see any healthcare provider, while managed care
plans require patients to see healthcare providers within a specified network.
- Health insurance plans often have deductibles, co-pays, and co-insurance, which the patient
is responsible for paying. - Health insurance plans must comply with the ACA's essential health benefits, including
preventative care, prescription drugs, and mental health services. - Health insurance plans also have network limitations, meaning patients may be limited to
seeing certain doctors or hospitals, depending on their plan. - Health insurance premiums can be affected by various factors, including age, health status,
location, and plan type. - Health insurance is important because it helps individuals and families manage the cost of
medical care, which can be very expensive without insurance. - Despite health insurance benefits, many individuals and families in the United States still
need health insurance coverage, which can limit their access to medical care and create
financial hardship.
