The language of health insurance, especially when it comes to costs, can be complex and confusing. This excerpt from online course Navigating Health Insurance helps demystify.
May also be known as co-payment(see below). Co-insurance is the percentage paid for services after the deductible has been met. For example, you may pay 20% while the insurance company pays 80%.
Example: Leo has a family health insurance plan with a $500 deductible and 20% co-insurance. In March, the entire family had checkups, which cost $500. The deductible hadn’t been met yet, so Leo paid the doctors for these checkups. Then in April, one of his daughters became sick, and the doctor visit cost $50. Since the deductible was paid, Leo paid $10 (20% of that cost), and the insurance company paid $40 (80%).
May also be known as co-insurance(see above). A flat fee for services used. For example, a patient may have a $10 co-payment for every office visit, regardless of the level of care received at that visit.
Example: You may be required to pay $20 for every doctor visit, $50 for a visit to the emergency room, and $10 for each medication. You may have to pay a higher fee for brand-name medications.
The amount of money required for health care before insurance will cover costs. Many insurance plans are based on a yearly deductible amount.
Flexible Spending Account (FSA)
A special savings account arranged through an employer, who will retain a portion of your earnings and put it into the FSA. FSAs usually cover medical expenses and like a health savings account (HSA–see below), are not taxed. However, there is a “use it or lose it” rule that means that money not spent at the end of the year is lost. It is important for anyone considering an FSA to guess how much they may need to cover deductible expenses and co-payments. That varies depending on a person’s family and situation. For example, a single, young and healthy person might only plan for dental cleanings or first aid supplies. A married couple with children needs to plan for doctor co-pays, unplanned trips to the emergency room and even such expenses as braces.
Health Savings Account (HSA)
A special savings accounts for health care expenses only. People who have high-deductible insurance plans (sometimes known as catastrophic coverage) are eligible to set up an HSA. The money in an HSA is not taxed and even may be invested. People with HSAs have complete control over the money as long as it is used for health care expenses. HSAs are generally best for people who are healthy and who do not anticipate high medical expenses in the near future.
A limited amount that a person must pay before insurance will pay 100% of health care costs.
The monthly amount an individual pays to have a particular health insurance plan.
Supporting a community health team with limited resources can be a daunting task. What self-care strategies do they need? How can they control stress and enjoy their work more? As a supervisor or program manager, how do you spot signs of burnout and compassion fatigue earlier?
Learning the answers to those questions will help you support your staff and model important skills they can use to work with clients with behavioral health disorders.
Join us as we discuss improving your team’s mental wellness, identify signs that an employee is at risk for depression, anxiety, or secondary trauma, and show you how you can help your team improve their personal and professional lives.
In this 60-minute session you will learn:
How to be proactive about preventing depression, anxiety, secondary trauma, burnout and compassion fatigue
How to recognize warning signs among your staff
Simple strategies for developing healthy habits of thought
How stigma can prevent treatment that could improve the quality of life
How to keep employees satisfied in their roles, longer
This Presentation Features:
Monique Cuvelier, the CEO and co-founder of Talance, Inc., and director of CHWTraining. She will draw from new training on supervisor skills and working through depression, anxiety and stress.
Jeanine Joy, Ph.D., The CEO and founder of Happiness 1st Institute and Executive Director of Thrive More Now Institute. She will draw from more than two decades of research on what makes humans thrive with a strengths, mindset, and positive psychology focus.