Slide MGT312 Slide07

Managing Health

Managing Health

Expenses

Expenses

Financial Burdens of Illness or

Injury

•Direct health care costs.

•_{Rehabilitative and custodial care costs.}

Sources of Protection from

Direct Health Care Costs

•Health Maintenance Organizations (wide array health insurance)

•Traditional health insurance

•_{Consumer-driven health care (high cost}

Characteristics of Health

Insurance

•Deductibles (initial loss).

•_{Copayments (50-50 payment).}

•Coinsurance (80-20 payment).

•Policy limits (maximum reimbursement).