| Privatized |
To come |
|
| Universal |
To come |
|
| Socialized |
1A system of affordable insurance or a government-funded program that allows people to access essential health services without risking impoverishment or severe financial hardship. |
 |
|
| Health Maintenance Organization (HMO) |
2A type of health benefits plan that provides care through a network of physicians and hospitals in particular geographic or service areas. HMOs coordinate the health care services you receive and free you from completing paperwork or being billed by the provider for covered services. Your eligibility to enroll in an HMO is determined by where you live or, for some plans, where you work. |
|
| Point of Service (POS) |
2A product offered by an HMO plan that has features of both. In an HMO, the POS product lets you use providers who are not part of the HMO network. However, there is a greater cost associated with choosing these non-network providers. You usually pay deductibles and coinsurances that are substantially higher than the payments when you use a plan provider. You will also need to file a claim for reimbursement. |
|
| Health Savings Account (HSA) |
2An HSA is a tax-sheltered trust account you own for the purpose of paying qualified medical expenses for yourself, your spouse, and your dependents. When you enroll in an HDHP, the health plan determines whether you are eligible for a Health Savings Account (HSA) or a Health Reimbursement Arrangement (HRA) based on the information you provide.
|
|
| Health Reimbursement Arrangement (HRA) |
2An HRA is an employer-funded tax-sheltered account to reimburse allowable medical expenses. HDHP members, who do not qualify for an HSA, will be provided an HRA. There is no additional paperwork needed for enrollment into the HRA. |
|
| Medicare |
2The Federal health insurance program for people 65 years of age or older, certain younger people with disabilities, and people with End-Stage Renal Disease (those with permanent kidney failure who need dialysis or a transplant, sometimes called ESRD). |
|
| Medigap |
2A supplemental private insurance policy that you can buy for extra benefits either not covered or not fully covered by Medicare. There are 10 standard Medigap plans, ranging from a basic benefits package to ones that cover expenses such as the Part A deductible, Part B deductible, prescription drugs, and/or the skilled nursing coinsurance. |
|
| Medicaid |
To come |
|
Updated: 19 September 2009 – 3:45pm EST
