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Affordable in home care | starts at $28 per hr

408-854-1883 starts at $30 per hr home care

How the US Health Care System is financed

In the U.S. health care is financed, or paid for, in a variety of ways. Individuals may pay directly for services received. Others may have health insurance coverage as a tax free benefit from their employment. Military personnel and their dependents, as well as veterans, are provided health care coverage through the federal government. Older Americans depend upon Medicare and low income mothers and children, as well as some disabled persons in the U.S., receive health care assistance through Medicaid. Children who might not otherwise receive medical attention may do so through the State Children’s Health Insurance Program (SCHIP).

Many of the employed are covered by employer provided health care insurance… traditional indemnity insurance or a managed care plan, such as a Health Maintenance Organization (HMO), Preferred Provider Organization, (PPO) or Point of Service Plan (POS) – which employers purchase as a group. Employees may or may not have had some input into the choice of that plan. Those with employer provided insurance are in good company, as the vast majority of Americans are covered by employment-based private insurance plans, 64% of the U.S. population, for example, in 2000.

An additional 24% of our population in the same year was covered by some type of government plan. The breakdown is as follows: Medicare, 13%; Medicaid, 10%, Military Health Insurance, 3%.

Many Americans are covered by more than one health insurance plan, and coverage between plans often overlaps. Among plans and programs there are many differences in the range of services covered, procedures followed, and payment provided. For our purposes today, it is probably not so important that we know all of these details, and you will find additional information on various types of insurance plans in the glossary.

From this brief description, however, one point is very clear. The health care financing system is not so much a system as it is a crazy-quilt of programs that, when pieced together, cover to some degree, the majority–but clearly not all—of the American people.

Published by connie dello buono

Connie Dello Buono is based in Sunnyvale California. Her first ebook is about women's health, Birthing Ways Healing Ways and her recent one is about cancer prevention, Curated Healing Ways. She had helped women have holistic childbirth as childbirth educator, founded Motherhealth, to serve seniors in the bay area with holistic caregivers and blogs at www.clubalthea.com with more than 10,000 health and finance related posts. Connie trains her own caregivers, which are the favorites of most bay area seniors who are home bound and alone. She is active in the rehab and nursing facilities, volunteering on music and movement for seniors. She is a member of Lion's club and offered scholarships to students in the Philippines. She is active at churchinsunnyvale.us and has Fridays Bible home study in Sunnyvale using the recovery version of the Bible , free at biblesforamerica.us She loves dancing and teaching and her courses can be found at https://teachclub.com/@thriveafter60 She is California Life Insurance licensed providing life insurance for older adults with health issues and helping women retire safely with income for life. at menloassetca.com , she helps with 401k rollover. 3 Benefit plans - Mortgage protection using term life insurance to pay for mortgage balance in event of death - Final Expense plan using Single Issue Whole Life Insurance, with cash back, disability benefit and guaranteed in the presence of health issues - Fixed Index Annuity retirement plan for safe, accessibility, less fees, less taxes, avoids probate as it goes directly to beneficiaries, rate of return with no downside market participation. She brings compassion and understanding to the needs of her clients, bringing holistic approach in health and life insurance. Her goal is to free families from worries especially during covid with caregivers and life insurance in the presence of health issues, especially for women. She can be reached at 408-854-1883 , motherhealth@gmail.com

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