Today is crunch day! For Saturday and Sunday, I will be spending the entire day writing these chapters and studying like mad for the test. My future depends on me passing the test because it's expensive and if I don't pass the first time, I can't attend a training session for my new job until November 30th. I have snacks and hopefully I can talk someone into coming over to help out and quiz me at some point. But expect rapid updates!
Types of Plans
Stage is set as usual.
ERICK: That chapter was amazing.
ADDIE: Right? Thank you for giving me that book.
ERICK: In a modern AU, would that be the season DVDs of Doctor Who?
ADDIE: Probably.
FINN: Is anyone going to talk about the prodigal son scene?
HICCUP: Or about why I'm being written like an old man now?
ASTRID: How so?
HICCUP: Falling asleep on the couch? Really? Talk about stereotypes.
OVERLORD KATIE: My dad used to fall asleep while reading to me.
HICCUP: So that's where you get the idea then.
OVERLORD KATIE: Not so much. Em wrote that.
CLIFF: How come I wasn't in the chapter?
ADDIE: Time constraints.
HIRO: Are we going to get back to insurance?
GOGO: Why are you asking?
HIRO: Because that's probably more interesting than this conversation.
BAYMAX: Our next section is Types of Plans. A Preferred Provider Organization (PPO) is an organization of hospitals and physicians that provide services on a fee for service basis to insurance company's clients. These providers are listed as preferred and the patient may select from any number of hospitals and physicians without having a limitation.
HICCUP: So it's not like HMOs because they can choose anyone. And it's just a fee for service.
BAYMAX: Right. The PPO cover 100% with a minimal copayment for each office visit or hospital stay.
HICCUPL Makes sense. I guess they wouldn't pay the full amount If they use a non PPO doctor.
BAYMAX: Correct. This is Overlord Katie's insurance plan right now.
OVERLORD KATIE: Those copayments are tricky.
BAYMAX: PPOs do not provide care on a prepaid basis but instead physicians are paid a fee for each service.
ADDIE: So not like a cellphone.
BAYMAX: Exactly. Subscribers are not required to use physicians or facilities that have contracts with the PPO. A PPO is a service provider, not an insurance plan. The goal of a PPO is to provide insureds with providers that have agreed to discount their charges.
OVERLORD KATIE: Interesting. I should remember to thank my doctor for that then.
FINN: And your therapist.
OVERLORD KATIE: Oh hush, you.
BAYMAX: In an Open Panel Arrangement, the physicians are not considered to be employees of the PPO.
ASTRID: So they're just... physicians that aren't employed to them.
BAYMAX: Yes. In a Closed Panel Arrangement, the physicians are only allowed to treat patients assigned to them and are considered employees of the PPO.
HICCUP: Sounds like there's no free will to see whatever doctor you want.
ASTRID: Probably not.'
BAYMAX: A Point of Service (POS) plan allows an insured to receive services from nonparticipating or participating providers.
ASTRID: That sounds freer.
BAYMAX: The doctors are paid a set fee per person, regardless of the service they perform.
CLIFF: Sounds like prepaid.
BAYMAX: Somewhat. It's a combination of an HMO and a PPO but there is no gatekeeper. POS and PPO offer a greater selection of providers as compared to an HMO.
HICCUP: Not bad.
BAYMAX: A Point-of-Service plan allows members to join the HMO. If, for any reason, they want to use a physician who is not employed by the HMO, they may do so. Remember: POS allows people to join HMOs but also to use physicians not employed by them.
HICCUP: Okay so... now I'm confused.
OVERLORD KATIE: We all are.
BAYMAX: In a POS plan, an insured does not have to pick a Primary Care Physician (PCP) and may choose Medical providers not found on the preferred list and still retain coverage.
ASTRID: So they can pick anyone.
BAYMAX: Right. If a non-member physician provides service under a POS plan, then the service provider will be paid a fee for their services. The member will be required to pay a higher co-insurance amount or percentage for the privilege of using a non-member physician.
WASABI: So they get the fee anyway but members pay more for using a non-member physician.
BAYMAX: Correct. In a Hospital Indemnity Plan, an elimination period refers to the number of days that an insured must wait before becoming eligible to receive benefits for each hospital stay.
HIRO: So that means the elimination period is basically how many days an insured has to wait before they can get benefits for each stay in the hospital.
BAYMAX: Correct. Major Medical policies were designed to provide an insured with protection against catastrophic loss. These policies require deductibles and co-payments which makes coverage affordable.
TADASHI: So they protect against the catastrophic loss through deductibles and co-payements so the coverage will be affordable.
BAYMAX: Yes. A Supplemental Major Medical policy is designed to provide coverage for services after a basic policy's expenses are satisfied by reaching its limit.
TADASHI: That means they help by covering expenses that basic policies don't cover.
BAYMAX: That is correct. After the Basic policy's funds are reached, an insured must pay a corridor deductible before a Major Medical policy will pay any benefits. It is considered a corridor amount because it is required between the Basic and Major Medical coverage.
WASABI: Okay so... after the funds of a Basic plan runs out, the insured has to pay a deductible before the Major Medical policy will pay benefits. The corridor amount is kind of between the basic and major coverage.
BAYMAX: Correct. A Comprehensive Major Medical is a combination policy of Basic and Major Medical coverage. Almost all Medical expenses are covered generally using one deductible per individual or family in a coinsurance amount.
HIRO: So it's one deductible for everything instead of just getting 2 plans.
BAYMAX: Essentially. Primary characteristics of Major Medical Insurance Plans are high maximum levels, coinsurance, deductible, and blanket coverage.
TADASHI: Earlier vocabulary words.
BAYMAX: Yes. Major Medical Insurance Plans that cover Medical expenses in and out of Medical facilities and contain high maximum benefits are called Eligible Plans.
TADASHI: That means... actually I'm not sure. High maximum benefits, does that mean a lot of benefits?
OVERLORD KATIE: Don't ask me.
BAYMAX: As you know, injuries caused by war, self-inflicted injuries, cosmetic surgery, custodial care, and coverage provided by Worker's Compensation are common exclusions from coverage.
FINN: Of course.
BAYMAX: You know what? I'm tired of this.
GOGO: Wait what?
BAYMAX: I want to go over to Overlord-Overlord Becky to study in person.
OVERLORD KATIE: You're talking weird.
BAYMAX: This is boring and annoying and you remember things easily when you talk through them. I think Overlord-Overlord Becky would help.
OVERLORD KATIE: But that's...
HICCUP: Gasps. She's not.
ASTRID: Say it isn't so!
OVERLORD KATIE: I'm afraid it is. Overlord-Overlord Becky is... my mother.
I'm sick of this.
~KateMarie999
