Title: Distinguish among the types, costs, and benefits of health insurance.
Course: Personal Finance (19262-II) > Section: Demonstrating Knowledge of the Role of Insurance in Risk Management

Distinguishing among the types, costs, and benefits of health insurance coverage should include an explanation of

- terms associated with health insurance (e.g., Health Maintenance Organization [HMO], Preferred Provider Organization [PPO])
- basic health insurance, which includes doctor visits and routine service, hospital, and surgical expenses
- major medical insurance, which protects a person from large and catastrophic expenses resulting from injury or illness
- dental insurance, which provides reimbursement for the expenses of dental services and supplies and encourages preventive dental care
- vision insurance, which is a part of many group health plans
- disability insurance, which includes short-term and long-term income protection when the insured is unable to work due to an injury or illness
- the advantages and disadvantages of managed and unmanaged health insurance plans
- the impact of the Affordable Care Act on types of coverage
- the impact of the government-sponsored health care opportunities on the insurance market.

It should also include using a decision model to compare policies offered by different companies.