Are you lost in the maze of confusion information about the price and cost of health insurance and health insurance plans? The experts at HealthCompare put together some slide to help you through the health insurance clutter and make finding the right affordable health insurance easy. HealthCompare.com provides Affordable Health Insurance Quotes and makes it easy to buy Individual Health Insurance, Family Health Insurance and other Health Insurance Plans. http://www.healthcompare.com

1. Why
You
Need
Health
Insurance
Other
Types
of
Insurance

2. There
are
many
different
types
of
insurance.
.
.

4. There
are
the
main
ones,
like
Indemnity
Plans
and
Managed
Cares
Plans.
.
.

6. • .
.
.and
there
there
the
other,
more
niche,
insurance
plans.

8. Other
Types
of
Insurance
• In
this
presentaBon,
we’ll
explore
some
of
the
more
niche
types:
– Discount
Medical
Plans
and
why
they’re
not
insurance.
– Short-­‐term
Insurance
– CriBcal
Illness
Insurance
– Disability
Insurance
– Worker’s
CompensaBon
Insurance
– Travel
Insurance

9. Discount
Medical
Plans
• WARNING:
Discount
Medical
Plans
are
NOT
insurance.
• When
you
buy
membership,
you
are
buying
access
to
a
roster
of
care
providers
that
offer
significant
discounts
to
members.
• So,
be
wary
of
adverBsing
claims
such
as,
“no
deducBble
or
co-­‐
pay,”
or
“pre-­‐exisBng
condiBons
covered.”

10. • Discount
Medical
Plans
can
help
if
you
don’t
have
other
insurance.
.
.
.
.
.but
are
not
a
replacement
for
more
extensive
coverage.

11. Discount
Medical
Plans,
cont.
• Reputable
plans
can
help
people
who
can't
afford
or
find
insurance
get
discounted
rates.
• Discount
medical
plans
may
lower
your
out-­‐of-­‐
pocket
costs,
but
they
will
not
protect
you
from
the
financial
costs
of
a
medical
emergency.

12. Short
–Term
Insurance
• Short-­‐term
health
insurance
can
offer
low-­‐cost
protecBon
to
cover
the
gap
for
people
transiBoning
from
one
insurer
to
another

13. Photo
by
ajmunn

14. Who
Might
Need
Short-­‐Term
Coverage?
• People
leaving
home
for
the
first
Bme
• A
part-­‐Bme
employee
• People
In
need
of
student
health
insurance
• Students
graduaBng
from
college
• People
taking
early
reBrement

15. What’s
the
Benefit
of
Short-­‐Term
Policies?
• Short-­‐term
policies
provide
low-­‐cost
coverage
and
can
be
purchased
in
one-­‐month
increments,
usually
providing
coverage
of
up
to
$1
to
$2
million
per
person.
*
–
*An
increasing
number
of
insurers
now
offer
short-­‐term
health
policies
and
compete
for
business
through
very
compeBBve
plans.
Such
as
plans
found
on
www.healthcompare.com

16. CriBcal
Illness
Insurance
• TradiBonal
health
insurance
does
not
cover
lost
wages
or
similar
costs
that
can
arise
during
illness.
• Contract
terms
for
a
criBcal
illness
supplemental
policy
have
specific
rules
that
define
when
a
diagnosis
of
a
criBcal
illness
is
considered
valid
and
in
most
cases,
a
physician
will
need
to
confirm
it.

17. When
Should
You
Consider
CriBcal
Illness
Coverage?
• Consider
CriBcal
Illness
Insurance
if
you
are
worried
about
the
bulk
costs
of
a
major
injury
or
illness

18. CriBcal
Illness
Insurance
compensates
you
for
lump
sums
Pic
by:
D.
Gordon
E.
Robertson

19. Disability
Insurance
• There
are
two
kinds
of
Disability
Insurance:
• Short-­‐term.
.
.
• .
.
.and
Long-­‐Term.
When
you
begin
considering
this
coverage,
think
about
how
long
you’ll
need
it.

21. Short-­‐Term
Disability
Insurance
• Short-­‐term
disability
insurance
provides
an
income
for
the
iniBal
stages
of
disability,
paying
benefits
for
a
defined
length
of
Bme
that
might
be
as
few
as
two
weeks
or
as
long
as
up
to
two
years.
• Employers
typically
include
short-­‐term
disability
as
part
of
an
employee
benefits
package

22. Long-­‐Term
Disability
Insurance
• Long-­‐term
disability
insurance
helps
replace
income
for
long
periods
of
Bme.
• Benefits
generally
end
a]er
five
years
or
when
the
disabled
individual
turns
65.

23. Worker’s
CompensaBon
Insurance
• Worker’s
compensaBon
insurance
protects
employers
from
lawsuits
resulBng
from
workplace
accidents.
•
Worker’s
compensaBon
is
required
in
nearly
every
U.S.
state,
although
state
laws
vary
for
the
governance
of
workers
compensaBon

24. Pic
by:
Joe
Mabel

25. Worker’s
CompensaBon
Insurance
What
Benefits
do
they
Provide?
• Medical
care
to
employees
injured
on
the
job
and
compensaBon
for
lost
income.
• In
the
event
of
death,
worker's
compensaBon
will
disburse
benefits
to
surviving
spouses
and
dependents.

26. Worker’s
CompensaBon
Insurance
• There
are
two
things
you
should
keep
in
mind
when
considering
worker’s
compensaBon
insurance.
.
.

27. Worker’s
CompensaBon
Insurance
• Worker's
compensaBon
insurance
is
not
part
of
any
health
insurance
policy
or
group
plan
and
must
be
purchased
separately
by
employers.
• Worker's
compensaBon
is
a
"no
fault
system,"
meaning
you
cannot
later
sue
your
employer
for
further
damages

28. • And
this
brings
us
to
our
last
subject
today
.
.
.

29. Travel
Insurance
Photo
by
ajmunn

30. How
EffecBve
is
Travel
Insurance?
• Travel
health
insurance
coverage
can
be
as
flexible
as
your
traveling
schedule.
• Travel
health
insurance
plans
range
from
as
few
as
five
days
or
for
Bme
periods
lasBng
over
a
year.
• If
you
are
planning
to
be
out
of
the
country
for
more
than
six
months,
you
need
a
long
term
health
coverage
plan.

31. What
Does
Travel
Insurance
Offer?
• Typically
these
plans
provide
coverage
for
accidents,
emergencies
and
illnesses.
• If
you
seek
medical
aeenBon
for
exisBng
condiBons
while
you
are
abroad
for
a
condiBon
you
already
have,
some
plans
may
not
cover
all
of
those
costs.

32. • This
concludes
our
presentaBon
on
Other
Types
of
Health
Insurance.
• We
hope
this
has
been
an
informaBve
experience.

34. • If
you
have
any
more
quesBons,
we
hope
you’ll
visit
our
website.
• Sponsored
by
HealthCompare:
We
Guide.
You
Decide.
www.healthcompare.com