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Health Insurance & The U.S. Medical System

Health Insurance & The U.S. Medical System. Why Do I Have To Buy Health Insurance?. It’s required by the California State University System! Cost of health care in the U.S. is very expensive. Ambulance service with a minor injury = $5,000 - $8,000 Bicycle accident

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Health Insurance & The U.S. Medical System

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  1. Health Insurance& The U.S. Medical System

  2. Why Do I Have To Buy Health Insurance? • It’s required by the California State University System! • Cost of health care in the U.S. is veryexpensive. • Ambulance service with a minor injury = $5,000 - $8,000 • Bicycle accident • Major accident or illness = $100,000 - $250,000 • Car accident or serious illness • Foreign nationals may not become public charges (the state of California or the US Government does not pay for a foreigner)

  3. $5,000 - $250,000 • What could this mean to you and your family? - Bummer – you have to plain rice for the next six months What does “bummer” mean? An unpleasant or disappointing experience - Major Bummer – you have to go home - Financial Ruin – your family could lose everything

  4. An ounce of prevention is worth a pound of cure! Ok, what does that mean? (well, $1129 is not very small ..no?) • In this case, spending a small amount of money up front, could potentially save a large amount of money in the end.

  5. Where Can I Buy Insurance? • Student Health Center • On-line – your own research • Must meet minimum requirements • $50,000 accident or illness • $10,000 medical evacuation • $7,500 repatriation(return of mortal remains to home country)

  6. Terms: • Premium – amount you pay for the insurance policy itself • Deductible – amount of money that you must pay before the insurance company will cover any expenses • usually $50-$100 per doctor visit • Coinsurance Payment – the cost sharing requirement in an insurance policy • 80% up to $10,000, then 100% Example: If your doctor bill is $500 You would pay deductible + coinsurance (20%) $50 $90

  7. Types of Health Care Providers Student Health Center (SHC) Always try to use the SHC! It will save you money. No cost or low cost. Walk-In Clinic Use on nights and weekends when the SHC is closed. Doctor’s Office You may be referred by the SHC or a walk-in clinic depending upon the severity of your illness or injury. Hospital Only go to the hospital for serious illnesses or injuries. Least Expensive Most Expensive

  8. I Have Insurance, Now What? Office of International Education Student Service Center, Room 440 Reception Desk James & Cindy will note it in your file.

  9. Questions? • What happens if I do not have Health Insurance?

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