solution

In Unit 2 and Unit 3 we have covered the many different types of medical providers and many different types of medical payers. There are government payers, commercial payers, and liability payers. There is also a self-pay option in which the patient pays for his or her care, independent of any insurance company.

Utilizing the information you learned in Unit 2 and Unit 3, choose one of the Insurance Participatns and answer the following:

• What did you learn about your chosen Insurance Participant that you are unfamiliar with? Please include the name of the Insurance Participant you selected.
• How will this new information help you in your chosen career path?
• How would you explain your chosen Insurance Participant to a patient or coworker?

Instructions:

In Unit 2 and Unit 3 we have covered the many different types of medical providers and many different types of medical payers. There are government payers, commercial payers, and liability payers. There is also a self-pay option in which the patient pays for his or her care, independent of any insurance company.

Utilizing the information you learned in Unit 2 and Unit 3, choose one of the Insurance Participatns and answer the following:

• What did you learn about your chosen Insurance Participant that you are unfamiliar with? Please include the name of the Insurance Participant you selected.
• How will this new information help you in your chosen career path?
• How would you explain your chosen Insurance Participant to a patient or coworker?

Please be sure to validate your opinions and ideas with citations and references in APA format.

Insurance Particpants

1 Medicaid

2 Children’s Health Insurance Program (CHIP)

3 TRICARE

4 CHAMPVA

5 Veterans Affairs (VA)

6 The Health Insurance Marketplace

7 Individual vs. Employer-Sponsored Plans

8 PPOs, HMOs, and EPOs

9 Workers’ Compensation

10 Third-Party Liability Plans

11 Disability Insurance