insurance
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premium
amount of money an individual or business pays for insurance policy per month
deductible
amount you pay out of pocket before your insurance starts paying
co-insurance
specific % of expenses are shared by the patient and insurance company ex) 90/10
co-payment
amount of money a patient pays for a particular service -this does not go towards the deducible
PPO(preferred provider organization)
-own network of doctors -negotiated payments -higher cost for members -freedom of choosing a provider -do not have to establish a primary physician
HMO(health maintiness organization)
-own network of doctors -negotiated payments -lower cost for members -restricted to few doctors -emphasizes preventative care
medicaid (aid people in need)
-federal/state funded -low income families, children with public assistance need, disabled/blind, needy
medicare (care for old people)
-federally funded -65 or older, qualifying disabilities